Grey Lynn
452 Richmond Road, Grey Lynn, Auckland
+13
Grey Lynn medical investment
• Immaculately presented freehold medical investment
• Fully leased, returning $120,000pa + GST with built-in rental growth
• 587sqm freehold landholding zoned Business - Local Centre
• Sought-after, high-profile position in the heart of West Lynn village
• A must-view for astute residential and commercial investors, or future developers
452 Richmond Road has served the local community as a GP clinic for over 30 years.
Today, the medical centre occupies an extensively renovated character villa with a contemporary extension on a beautifully landscaped 587sqm site.
The property returns $120,000pa + GST (net) and benefits from annual built-in rental growth on a well-structured long-term lease.
Occupying a prime position in the heart of West Lynn village, the property offers ease of access to public transport, motorways and is a short drive from Ponsonby and Auckland CBD.
This property represents a passive, high-quality investment opportunity to be admired. Do not miss this one.
James Were
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Ben Wallace
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Opportunity
Immaculately presented freehold medical investment
Income
Fully leased, returning $120,000pa + GST with built-in rental growth
Zoning
587sqm freehold landholding zoned Business - Local Centre
Location
Sought-after, high-profile position in the heart of West Lynn village
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