Property Description
Key features:• Six (6) level standalone building on 400sqm (more or less)
• Holding income of approximately $469,343.03 + GST (net)
• Secured eight (8) x basement car parks with direct access
• IEP rating - A (85.3%)
• Metropolitan zoning with additional height allowance
A rare opportunity to purchase one of best Broadway buildings in a prominent Newmarket location with secured holding income and future upside.
Allocated at the major intersection of Broadway & Khyber Pass Road, this retail and office complex enjoys superb street profile along the Broadway shopping strip with excellent vis towards all traffic.
This six-level commercial property comprises a basement car parking, a retail showroom and four-level office floors.
A high profile real estate agency currently occupies the ground floor with signage rights on building, other office floors are part divided into two (2) areas and leased to various professional tenants. In addition, there are eight (8) secured basement car parks with direct access to building.
The location of the building benefits from easy access to the motorways system and excellent public transport services in the vicinity. The property is in close proximity to all local award-winning cafes/eateries and retail outlets in Newmarket.
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Contact Tony Chaudhary
Bayleys Real Estate Limited, Manukau
Licensed under the REA Act 2008
021995121 tony.chaudhary@bayleys.co.nz All Listings
Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.
Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.
Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.
It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.
Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.
Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.
