Platinum Partner
Listing Description
Listed: Thu, 23 Oct
ASKING $3,150,000 (6.2%)
L1/5 Crummer Road, Grey Lynn, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Agency reference | 4087239 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149716351&sellerId=0 |
Description
- Net income of $195,919 per annum with fixed 3% annual growth
- Freehold 291m² full-floor office plus six secure car parks
- Established tenant on a long-term lease
- Prominent corner profile in a vibrant, high-demand location
Positioned on the corner of Crummer Road and Vinegar Lane, this architecturally designed commercial property represents a rare premium investment opportunity. Anchored by a proven tenant with more than 25 years in business, the asset delivers stability, consistent rental uplift, and confidence for the long term.
Built in 2015, the property is secured on a six-year lease through to October 2029, with rights of renewal extending occupancy potential to 2035. Investors benefit from modern construction standards, minimal upkeep, and a truly passive income stream. Importantly, the Mixed Use zoning provides future flexibility, including potential conversion to apartments. Located in central Grey Lynn, just a short walk from Ponsonby Road, this asset sits in one of Auckland’s most desirable commercial hubs.
Opportunities of this calibre are tightly held. Contact the listing agent today for further information.