25 Bairds Road, Otara, Auckland Government tenant - secure income
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Available PropertyFiles:
- Building WOF.zip
- City Multi Commissioning Report.zip
- Compliance Schedule.zip
- Expenses.zip
- Information Memorandum.zip
- LIM Report.zip
- Lease documentation.zip
- Policy Schedules.zip
- Property File.zip
- Record of Title.zip
Property Description
Key features• Long-term lease to His Majesty the King - commenced 2012
• Returning $585,238.40pa gross + GST, with fixed three-yearly increases
• Well-presented tenant in a custom-fitted property
• Astute investors seeking Crown-backed assets must investigate
• Standalone 1,065sqm building on 4,502sqm of freehold land
This modern property leased to the Department of Corrections is being offered for sale, presenting a rare opportunity to acquire a freehold investment underpinned by His Majesty the King as tenant.
The building comprises an immaculate office fit-out and boasts sixty-five (65) car parks. Having been in occupation since 2012, the tenant is well entrenched with good tenure remaining, including further renewals.
Located just south of the Highbrook off-ramp and close to DB Breweries, this established industrial/commercial precinct is a growth catchment with future upside.
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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.
