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New Lynn

1/3045 Great North Road, New Lynn, Waitakere

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363sqm Floor area

Strong returns start here - ten-year lease


• Freehold investment property returning $129,415pa + GST
• Fully leased to an established tenant on a 10-year lease
• High-profile position opposite LynnMall and New Lynn Transport Centre
• Modern building with favourable seismic rating and onsite parking
• Strengthen your portfolio with this bottom-drawer investment

A modern, hands-off investment opportunity that offers huge appeal. The property consists of a freehold unit (1 of 2 in development) occupying a high-profile position with generous onsite car parking.

Offering a strong 10-year lease term with over seven years remaining, the property is fully leased to well entrenched international tenant Anytime Fitness, with 60+ New Zealand locations and 5000+ sites globally. Returning $129,415pa + GST, the property benefits from built-in rental growth with fixed annual rental increases throughout the lease term.

This high-profile site is positioned in the heart of the New Lynn, directly opposite LynnMall Shopping Centre and New Lynn Transport Centre, offering both great visibility and profile as well as convenient access to public transport links.

Grab this one with both hands - call now for further information.

Auction
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland Central

28
May

Time2pm
Calander
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Damien Bullick

Damien Bullick

Commercial, Development and Investment Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Alan Haydock

Alan Haydock

Commercial, Development and Investment Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Mike Adams

Mike Adams

Commercial, Development and Investment Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Passing income


Freehold investment property returning $129,415pa + GST

Lease term


Fully leased to an established tenant on a 10-year lease

Location


High-profile position opposite LynnMall and New Lynn Transport Centre

Amenities


Modern building with favourable seismic rating and onsite parking

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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