170-174 Carlisle Road, Northcross 15 year lease on massive corner site

Available PropertyFiles:

  • /A. Record of Title/
    • Carlisle Road 170-174_NA132C_773_Title.pdf
  • /B. LIM Report/
    • Carlisle Road LIM Report.pdf
  • /C. Lease Documents/
    • Carlisle Road Deed of Assignment.pdf
    • Carlisle Road Deed of Sublease.pdf
    • Carlisle Road Executed Deed of Lease .pdf
  • /D. Building Reports and Valuations/
    • 12A Certs Mar 2026.pdf
    • BWOF Mar 2026.pdf
    • Barrier Roofing - clean & repaint quote.pdf
    • Barrier Roofing - install box guttering and additional downpipes.pdf
    • Barrier Roofing - rescrew roof and fix ridges.pdf
    • Construction Cost Consultants 2026 valuation for insurance purposes.pdf
    • North Star Comprehensive Weathertightness Report.pdf
    • Roof colour Dec 2022 upgrade, 10 year warranty.jpg
    • Roof report PRS Feb 2026.pdf

Property Description

• New 15-year lease from 1 February 2026 returning $509,600pa + GST and outgoings
• Built-in rental growth through annual 2% increases and five-yearly market reviews plus bank guarantees
• Large 3,143sqm corner site with valuable Mixed Housing Urban zoning

Magic Garden offers the sort of investment profile that is increasingly hard to find on the North Shore, substantial land, long-term lease and a well-established business in a proven location with high demand for Early Childhood Education. A new 15-year term from 1 February 2026, the property provides immediate income certainty from a recognised occupier on a prominent corner holding.

Returning $509,600pa + GST and outgoings, the lease is underpinned by annual 2% fixed increases and five-yearly market reviews, giving investors both certainty and future rental growth. This is the type of low-management investment that will appeal to buyers seeking secure passive income backed by a long lease profile.

What really sets the property apart, however, is the calibre of the real estate beneath the income. Occupying a substantial 3,143sqm site in an affluent and tightly held North Shore catchment, with Mixed Housing Urban zoning, the asset offers more than just strong cashflow today. It is a land rich investment with real long term strategic appeal with the comfort of meaningful underlying value.

Please contact the Joint Sole Agents today Michael Nees and Damien Bullick from Bayleys Real Estate and Munish Verma from ABC Business Sales

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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.