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

Available PropertyFiles:

  • Carlisle Road 170-174_NA132C_773_Title.pdf
  • Carlisle Road LIM Report.pdf
  • /Lease Documents/
    • Carlisle Road Deed of Assignment.pdf
    • Carlisle Road Deed of Sublease.pdf
    • Carlisle Road Executed Deed of Lease .pdf
  • /Reports/
    • 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

Key features:
• 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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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.

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.