Medallion on Medical Mile

JLL as exclusive agents are pleased to present 139 Remuera Road to the market offering a rare and remarkable opportunity to secure 1,700sqm of prime land along Remuera’s desirable ‘Medical Mile’. For the first time in over 100 years this is an extremely rare investment opportunity with an attractive and established medical Lessee on a 21-year perpetually renewable ground lease.

Located in the heart of Remuera and zoned as Business – Mixed Use under Auckland’s Unitary Plan, this attractive corner site is occupied by a professional medical centre and offers sound and reliable income with concurrent rent reviews.

Remuera's Medical Mile is a well-established and tightly held location, and 139 Remuera Road is the first medical asset to be seen when commuting toward Newmarket & opposite the top of Bassett Road. The site is a generic rectangular shape presenting a range of development opportunities should the Lessee decide not to renew. 139 Remuera Road's current lease term has just under 7 years to run, providing secure cashflow until the next renewal and rent review as at 16 May, 2031.

This property forms part of the 'Portfolio of the Century'.

For sale by Tender closing 4pm, Tuesday 17th September 2024. All offers are to be lodged at the JLL offices located at Level 16, HSBC Tower, 188 Quay Street, 1010.