Investment - A Real Front Runner!

Fully leased, contemporary, standalone, A-grade office building, architecturally designed by Sheppard & Rout and overlooks all the action at Addington Raceway.

This prestigious three level office building with a lettable area of 1,927.30m2* is energy efficient, high spec'd, with flexible floor plates and separate amenities on each floor. Large windows allow for light filled offices and spectacular views over the parklike setting of Addington Raceway and up to the Port Hills.

Well leased to an International Tenant for a renewed 6 year term from January 2020 plus a further right of renewal of 6 years. In addition 168m2* of land is leased to Vodafone for 6 years from May 2021 plus a further right of renewal for 6 years. Total passing rental is $638,240.17pa* + GST.

This desirable city fringe location provides easy access to the CBD, Southern Motorway and main arterial routes. Excellent profile and surrounded by other quality businesses.

Your investment is also well underpinned by being on a large land area of 4,336m2 providing the Tenant with the advantage of having 82 onsite car parks. Note: The lease also includes an additional 80 car parks leased next door (total 162 car parks). Therefore it would be very difficult to replicate all of these generous benefits and features that the Tenant currently enjoys elsewhere.
(* approx.)

Call Paula Raine 027 221 4997 for an information pack and to book your viewing.

Sale: By Negotiation + GST (if any)

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