Split-Risk Investment Opportunity

An excellent opportunity to secure a well-located commercial investment in the heart of Rosedale’s established business precinct.  The property provides diversified income across two commercial tenancies, a combined rental of $100,750 per annum + GST, eight allocated car parks and attractive lease structures providing both income security and future rental growth.

One tenancy is secured to an established national business, while the second benefits from a new five-year lease commencing 1 October 2026.  With structured rental reviews and recoverable operating expenses, this is an attractive proposition for investors seeking a manageable North Shore commercial investment. 

Key Features

• Combined rental income of $100,750 per annum + GST
• Two separate commercial tenancies providing diversified income
• Approximately 320m² of combined accommodation
• Established national tenant occupying approximately 135m²
• Second tenancy of approximately 185m² secured on a new five-year lease from 1 October 2026
• Further rights of renewal providing long-term occupancy potential
• 3% annual rental growth within the new lease, except where a market review applies
• Prominent Apollo Drive position within the established Rosedale commercial precinct
• An attractive split-risk investment with built-in rental growth

For further information or to arrange an inspection, contact the Sole Agents:

Janet Marshall 021 684 775 or Shoneet Chand 021 400 765

Features:

• Combined rental income of $100,750 per annum + GST
• Two separate commercial tenancies providing diversified income
• Approximately 320m² of combined accommodation
• Established national tenant occupying approximately 135m²
• Second tenancy of approximately 185m² secured on a new five-year lease from 1 October 2026
• Further rights of renewal providing long-term occupancy potential
• 3% annual rental growth within the new lease, except where a market review applies
• Prominent Apollo Drive position within the established Rosedale commercial precinct
• An attractive split-risk investment with built-in rental growth

More information: https://www.colliers.co.nz/p-NZL67042550