1179 Great North Road, Pt Chevalier, Auckland

Fully Leased, City Fringe Investment

• Fully-leased, passive, 'hands-off' investment, prime-positioned on a busy corner site
• Standalone two-level building with a total floor area of 1,068sqm (approximately)
• Returning an annual net rental of $539,254 + GST from six established tenancies, with an average WALT of seven years
• Popular surrounding businesses include Woolworths, KFC, and McDonald's and New World (under construction)
• Joint Sole Agency

A unique opportunity to acquire a well-located, modern, split-risk commercial investment. Built in 2020, this freehold property is situated on a land site of 589sqm (approximately) and is split into individual titles - offering the option for the incoming owner to keep as is, or amalgamate back to a single title. Benefiting from multiple income streams, the property comprises a mix of experienced operators (medical, health, and hospitality) all with an established trading record.

The Point Chevalier town centre, along busy Great North Road, comprises a range of retail, hospitality and residential, anchored by major amenities and businesses such as Woolworths, KFC, McDonald's, Mobil, Point Chevalier Library plus New World supermarket - under construction and due to open in late 2025.

Rarely does a prominent passive investment such as this come onto the market.

Contact the Joint Sole Agents for more information.

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Matt Lee
021 1515 505
matt.lee@bayleys.co.nz

James Chan
021 934 054
james.chan@bayleys.co.nz