nzcommercial.co.nz/87873
Ad ID: 87873 Inactive

Development Opportunity for Sale Kohimarama Auckland

Enquire about this "Development Opportunity for Sale Kohimarama Auckland" property on nzcommercial

Land/Development - Rare Offering - Kohimarama Ground Lessors\' Interests

Location:
27-45 Melanesia Road
Kohimarama
Auckland
Asking:
Deadline Sale
Type:
Area (m2):
1846.00

Commercial Property for Sale Description

Development Opportunity for Sale Kohimarama Auckland 27-45 Melanesia Road

CBRE is pleased to offer investors a rare opportunity to acquire the Ground Lessors’ interests in 27-45 Melanesia Road, Kohimarama. Perfect for investors seeking a long-term and stable income from 21 year lease terms in perpetuity (subject to Ground Lessee Renewal). The properties are currently held in 10 separate titles and leases which can be purchased individually or collectively.

Block 1 (37-45 Melanesia Road)
+ Land area of 917sqm (5 titles)
+ Current lease expiry in 2033
+ Annual ground rent $94,000 (plus GST)

Block 2 (27-35 Melanesia Road)
+ Land area of 932sqm (5 titles)
+ Current lease expiry in 2033
+ Annual ground rent $95,330 (plus GST)

For sale by Public Tender closing Thursday 24 October 2019 at 12:00pm

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