25 Great South Road, Otahuhu Functional occupation or investment opportunity

Available PropertyFiles:

  • /A. Record of Title and Interests/
    • Great South Road - Title.pdf
    • Instrument 10342427_1.pdf
    • Instrument 12566973_3.pdf
  • /B. LIM Report/
    • Great South Road - LIM.pdf
  • /C. Auckland Council files/
    • Great South Road25 - Auckland Council files.zip
  • /D. Lease Documentation/
    • 25 GSR rent and OPEX at 8012026.pdf
    • 4 x 4 Autos Limited Deed of lease.pdf
    • Zoom Tyres Extention.pdf
    • Zoom Tyres_Deed of lease.pdf

Property Description

• Freehold site in sought-after location that will appeal to a range of buyer types
• Multiple tenancies provides split-risk income or a range of occupation options
• Functional, hard working building with excellent profile and diverse tenancy mix

Offered for sale is a well-located commercial property positioned on the high-profile Great South Road in Ōtāhuhu. The site is held in one Freehold title comprising 2,023sqm (more or less) of land and includes a combination of a two level building and a separate lower-level warehouse building, providing an overall floor area of approximately 1,327sqm together with on-site car parking and a sealed yard.

The property currently provides income from two existing tenants with an additional road front/showroom vacancy. Given the nature of the leases there is flexible occupation options, conversely the vendor would underwrite the rental of the vacancy for two years from settlement to bring the total income to $257,149pa + GST for an investor.

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Michael Nees

Bayleys Real Estate Limited

Licenced under the REAA 2008

+64 9 489 0963   +64 21 182 3085   michael.nees@bayleys.co.nz   All Listings

Michael is a Senior Broker at Bayleys Commercial on the North Shore. Specialising in Investment Sales, Michael has concluded in excess of $200 million of transactions of this nature and has been a top 5 Broker at Bayleys North Shore for the last 3 years.

Recognised as one of the leading Investment Sales Brokers across all agencies on the North Shore, Michael has amassed numerous accolades in his career including membership to a distinguished national group of brokers under the age of 35 to achieve specific key performance indicators.

This blend of experience and results combined with a youthful passion and enthusiasm for his work has produced an impressive track record of record prices/yields and a reputation for being able to conclude some of the most challenging transactions in the market in recent memory.

Michaels philosophy is simple, to add value to his clients transactions by any ethical means necessary. Armed with a Degree in Property Valuation and Management and a determined and tenacious nature this often involves going beyond the “extra mile” to achieve the best outcome for his valued clients.

Michael has a proud North Shore heritage being a Rangitoto College and Massey University alumni and is passionate about the future of the region.