For Sale | Office to Buy | 19 Fernhill Drive, Westgate NZ 0614 | $2,180,000

High-Quality Investment, Yield Over 6% Return

* A stunning property occupied by a national-wide fitness brand with 4 years remaining on the current lease and the final expiry out to 2039.

* Located in heart of the popular Westgate Town Centre, one of the fast growing areas.

* Close to motorway on/off ramps for easy access.

* Fully refurbished as part of a substantial re-development in 2015.

* Plenty of customer parking.

* Tenanted by a well-known world's fast-growing fitness franchise with guarantee.

* 24 year term (4 x 6 year RORs) from 2015.

* $132,623.47 p.a. + GST net current rental.

* Yield over 6% annual cross return.

* Asking price $2,180,000 + gst if any

* Pre-agreed rental increases provide guaranteed growth.

* It is a must-see for investors seeking a high-quality passive investment.

At the end of the North Western Motorway, Auckland's Western Precinct has experienced vast amounts of growth recently. As the Westgate Town Centre development is completed, this will further complement the large format retail and light industrial activity surrounding the area.

The space is surrounded by residential homes which populate the growing Massey North. The area is also well serviced by public transport as a link to the thriving retail destination it has become.

The owner is committed to selling. Don't miss this opportunity to secure this substantial quality asset.

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as Propertysmarts or Auckland Council (LIM) documents. They have not been measured by the Salesperson or Rutherford Real Estate Limited. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.

This property is proudly listed by:

First National Real Estate Rutherford 92 Picton Street
Howick NZ 2014

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Open for Inspection
By Appointment

Additional information

Property Type Office to Buy
Property ID 41927110140
Street Address 19 Fernhill Drive
Suburb Westgate
Postcode 0614
Price $2,180,000
Council Rate $8,062
Building Area 419 sqm (approx)
Date Available Now