Platinum Partner
Listing Description
Listed: Sun, 2 Aug
MEDICAL INVESTMENT
Unit 1A/93-95 Ascot Avenue, Remuera, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Office |
| Agency reference | 4108267 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149727898&sellerId=0 |
Description
Occupied by internationally recognised tenant USANA Health Sciences, the property provides long-term income security for investors seeking a low-maintenance, high-performing portfolio addition.
Strategically located beside the Greenlane roundabout, the asset serves as a critical bridge between the CBD and the Southern Corridor. The location offers exceptional accessibility via the Southern Motorway, Ellerslie train station, and affluent surroundings. Characterised by a high growth profile and easy access, the area remains a top choice for major corporations and medical professionals.
The modern, well-maintained office strata unit is in very tidy condition with a 100% NBS rating and a high car parking ratio of 1:25m². The investment includes valuable signage rights, and the Unit Title tenure ensures easy management via the well-run body corporate structure.
Underpinned by USANA Health Sciences NZ Corporation, a wholly owned subsidiary of the NYSE-listed parent company, the lease provides a recently undertaken 6 + 6 year term with a bank guarantee. The total net rental is $381,159 per annum + GST and features built-in growth through three-yearly rental increases.
This is a simple, safe, tidy investment for a passive investor. Contact the listing agents now for further details.