29 Anne Street, Devonport Medical income plus Devonport land value

Available PropertyFiles:

  • /A. Record of Title/
    • Anne Street 29_title_NA714_25.pdf
  • /B. Lease Documents/
    • Anne St Deed of Renewal (002)(72381629.1).pdf
    • Anne St Lease - Signed Copy(60877162.1).pdf
    • Deed of variation of lease - Anne St(63494848.1).pdf
  • /C. Auckland Council files/
    • Auckland Council Files_29 Anne Street.zip

Property Description

• Long-standing Medical tenancy, recently renewed for a new lease term
(subsidiary of NZX listed Green Cross Health Limited)
• Standalone freehold medical investment on a 581sqm site
• Easy walking distance to Devonport village, waterfront and ferry terminal
• Commercial income underpinned by enduring residential value

Positioned within one of the North Shore’s most tightly held suburbs, 29 Anne Street presents a rare opportunity to acquire a standalone medical investment occupied by Green Cross Health. The long standing tenant has recently committed to a new lease term, providing investors with established income from an essential healthcare use. Beyond the current income, the property occupies a substantial freehold site in a sought-after residential setting. Assets of this nature are increasingly difficult to secure in quality locations, offering an attractive combination of immediate commercial income and long term underlying land/residential value. The wider location is also set to benefit from Peninsula Capital’s proposed investment in Devonport town centre, including new residential, hospitality, retail and commercial development. This significant private investment reinforces confidence in the continued evolution and long term desirability of the village.

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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.