AUCKLAND CITY, Auckland.
:Commercial For Sale
This 630m⊃2; Freehold office unit is occupied by an international tenant who has been on-site for ten years. The location is excellent and proving to be a developing commercial hub within Newmarket thanks to easy North and South motorway access and only approximately 300 metres to the newly developed Grafton Railway Station. This city fringe location will continue to be in demand when the brewery site is developed in coming years. Thirteen rooftop carparks complete the offering. This property will appeal to family trusts and private investors looking to take a position in Newmarket with a national tenant in place.
With the now confirmed imminent redevelopment of the former brewery site by Auckland University, Melrose Street will benefit from the additional foot traffic from the estimated tens of thousands of students and staff that will be on site. This in turn will increase demand for office and retail space from those businesses that work directly and indirectly with the university, such as travel agents, retailers, fast food, language schools, related educational providers and others.
KEY FEATURES: * Income $180,000 per annum plus GST and OPEX (including 13 carparks) * 630m⊃2; tenanted office unit * International tenant in occupation for ten years * Growth location on city fringe * Superb access to public transport and motorways