A two-level freehold Grey Lynn commercial property on one title is for sale leased to several tenancies and located in a prime position within a city fringe area of significant developments.
"The mix of short-term tenancies and secure storage units will continue to generate an attractive holding income for the new owner while potential development options are considered," says Duane Mullooly of Barfoot & Thompson Commercial who, with colleagues Reese Barragar and Cam Paterson, is marketing 33 Scanlan St for sale by tender closing at 4 pm on Thursday October 8 unless it sells earlier by negotiation.
The 1970s' building which was extended in the 1980s, has a net lettable area of 1113 sq m and occupies a 962 sq m site with 13 car parks and generates annual net rent of nearly $190,000. The longest lease runs until September 2017.
![Reese Barragar of Barfoot & Thompson.](https://www.nzherald.co.nz/resizer/v2/O3YIRBQI43TVPA7745ZEBMHBKM.jpg?auth=66c21f0773691077be973c36ee4d4427d64a07da7deaea19dab393d6f74f82bd&width=16&height=23&quality=70&smart=true)
"The building has been designed to maximise the substantial, elevated site and benefits from a sweeping vista to the west and out to the Waitakere Ranges," Mullooly says.