27 East Tamaki Road, Papatoetoe, Auckland Recievership sale: investment
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Available PropertyFiles:
- Information for buyers.zip
Property Description
• Tenanted by Aotea Finance Limited, returning $152,000pa + GST (net)• Aotea Finance as long-standing tenant since 1993
• Prime main road position with massive profile to busy and revitalising East Tamaki Road
Offered to the market by Receivership Sale, this investment opportunity combines a freehold building, huge profile with a tenant that has been in occupation for over 30 years.
Positioned on a freehold site of approximately 736sqm (more or less), the property provides around 12 car parks at the rear, accessed via a service lane, Simon Lane, and a further six car parks at the front. The two-level building totals approximately 720sqm (approximately).
The current tenant, which has multiple offices in Auckland, currently pays an annual rental of net $152,000pa + GST.
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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 Geoff Wyatt
Bayleys Real Estate Limited
Licensed under the REA Act 2008
021 982 322 geoff.wyatt@bayleys.co.nz All Listings
Geoff Wyatt joined Bayleys Real Estate in 2005. Since that time, Geoff has completed lease and sale transactions valued in excess of $25 million. In 2010 Geoff completed deals which placed him in the “Top 20” Commercial & Industrial agents in Bayleys Realty Group.
Geoff concentrates his efforts on knowing the South and East Auckland retail and commercial market; the landlords, tenants, investors, brokers and developers. Geoff specialises in all aspects of commercial real estate sales and leasing. He has expert knowledge of vacancies, rental and absorption rates of retail and office space in the area.
Prior to joining Bayleys Geoff spent thirty years in the fashion industry where he learnt that “customer service is key”, knowledge he has brought to his real estate career and the mantra for his business.
Geoff’s success stems from his diligent service, problem solving skills, and strong commitment to his clients.
“The formula is very simple; I make vendors, landlords and tenants my priority. I listen to them and visit them on a regular basis to understand their current and future needs. When it comes time for my clients to make a decision, it is an easy process, because they trust my capabilities. They know that I will represent them fairly and successfully in their retail or office space needs.”
Contact Cameron Melhuish
Bayleys Real Estate Ltd
Licenced REAA 2008
+64 21 479 882 cameron.melhuish@bayleys.co.nz All Listings
Cameron Melhuish is a Senior Commercial Sales Agent with Bayleys Real Estate Limited. Cameron, who has been with Bayleys since 2001, has a primary focus on commercial property sales in the Auckland City and Fringe locations.
To date, Cameron has been involved in over $350 million worth of property transactions.
During his time as a commercial sales agent with Bayleys, Cameron has built up extensive knowledge of the property markets in which works. Prior to his current position as a commercial real estate agent, Cameron was a Property Research Analyst with the Bayleys Research and Consultancy Division. As an analyst, Cameron was accountable for researching, monitoring and reporting on vacancy rates, rental levels, and yield movements of the Auckland CBD and CBD Fringe office and retail markets. His reporting and analysis has been published in major national and international publications including the New Zealand Herald, Dominion Post, National Business Review and Australian Financial Review.
In 2003, Cameron was awarded Bayleys’ Professional Services Award in recognition of his contribution and commitment to the Bayleys Company. Cameron has two tertiary qualifications from Massey University; a Bachelor of Applied Science majoring in Rural Valuation & Farm Management and a Diploma of Business Studies majoring in Urban Valuation.
