A modern office building is for sale in the middle of Avondale's popular Rosebank industrial and business precinct presenting an investor with the opportunity to own a fully tenanted building in three titles.
"This is a north facing property with extensive and pleasant water views to the upper Waitemata Harbour," says Meir Alfassi of Harveys Real Estate who is marketing 527A Rosebank Rd for sale by 'set date of sale' closing at 4 pm on Tuesday March 15 unless it sells earlier by negotiation.
"Offers are expected of over $3.9 million for this property which ticks all the investment boxes," Alfassi says.
The property encompasses a contemporary 1417 sq m two level office building constructed in 2004 in the Harbourside Business Park on the Rosebank Peninsular about 10 kms west of the Auckland CBD.
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The three strata titled units have lettable areas of 1016.55 sq m, 156.19 sq m and 208.77 sq m and generate total net rent per annum of $278,000 representing an approximate seven per cent net return.
"Leased to four separate tenants, this property constitutes an ideal investment opportunity for a property investor, family trust or an investor group," Alfassi says.