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Listing Description
Listed: Tue, 7 Mar
ONEHUNGA FREEHOLD SITE WITH FUTURE UPSIDE
45 Church Street, Onehunga, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Agency reference | 88963 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149499962&sellerId=0 |
Description
Situated on the western side of the Onehunga retail precinct, 45 Church Street is a three-storey commercial property zoned Mixed Use allowing for a mixed development to 21 metres. The property commands excellent profile and future upside.
KEY FEATURES:
- 223m² of Freehold land
- Standalone building totalling approximately 200m²
- Three separate apartments over three levels
- Mixed Use zoned site with huge street profile
- Returning $78,901.77 per annum + GST
- High profile street corner site
- Future development opportunity
- High exposure to busy arterial
- Rare opportunity in a sought-after location
Leased to Monte Cecilia Housing Trust, the property is currently utilised as an accommodation facility. The tenant has a ten year lease term which commenced on 3 July 2017. The rental is $78,901.77 + GST and outgoings with two year CPI plus 2% rental increases.
Located in one of Auckland's most popular and central industrial suburbs, the property is a short distance from the Onehunga retail precinct and has access to SH20 on/off ramps. Added to this is the accessibility to Auckland's CBD being approximately 12 kilometres away and its close proximity to key infrastructures such as ports and the airport.
For further information or to arrange an inspection please contact the listing agents.