A Grade Asset | 10-Year Lease

Colliers is pleased to present 4026-4032 Great North Road, Glen Eden for sale by Auction. Occupying a prominent 2,940m² corner site on one of West Auckland's busiest arterial routes, this extensively refurbished investment offers a rare opportunity to acquire a passive, low-maintenance asset secured by a brand-new 10-year lease to national automotive retailer Supercheap Auto. 

Returning $358,000 net per annum plus GST, the property provides investors with immediate income, fixed annual rental growth and the security of a long-established tenant that has occupied the premises for approximately 25 years. The lease offers exceptional tenure, with a final expiry date of 31 October 2048, providing long-term income certainty and stability.

The 895sqm facility has been comprehensively redeveloped following a substantial investment by the tenant, resulting in what is effectively a near-new commercial premises. The extensive works extend throughout the entire property and include a new roof and recladding, new HVAC and fire protection systems, new offices and staff amenities, modernised customer-facing areas, new roller doors, upgraded lighting, polished concrete floors, extensive racking, modern data and security infrastructure, and a complete renewal of the building's operational functionality. The result is a high-quality commercial asset with minimal foreseeable capital expenditure requirements, ideally positioned to support the tenant's long-term occupation while also offering the benefit of future development potential.

Positioned on a highly visible site with dual access and excellent exposure to passing traffic, the property benefits from a strategic location within West Auckland's established commercial corridor. Supported by Business - Mixed Use zoning and strong underlying landholding fundamentals, this is a compelling investment opportunity combining secure income, rental growth and long-term asset quality.

For more information or to arrange a viewing, contact the brokers today.

Features:

• Brand-new 10-year lease to Supercheap Auto (New Zealand) Pty Limited
• Returning $358,000 net per annum + OPEX + GST
• Fixed 3.5% annual rental increases
• Established national tenant with approximately 25 years of occupancy history
• Final lease expiry of 31st October 2048
• Prominent corner site with dual access and exceptional exposure
• Extensive refurbishment completed throughout the property
• Business - Mixed Use Zoning offers potential for future redevelopment

More information: https://www.colliers.co.nz/p-NZL67043216