8 Lion Place, Epsom
8 Lion Place, Auckland, Auckland, 1023, NZ
4,726 sm
Asset description
JLL is pleased to exclusively present for sale 14, 16 & 18 St Marks Road, Epsom. This unique collection of assets combines a selection of well known and prominent high-profile sites, offering exposure to both freehold and ground Lessor's (freehold) interests with a supreme level of optionality.
14 St Marks Road comprises a prominent freehold corner site with a spacious 725sqm warehouse and 1,647sqm of land offering a wide range of future possibilities.
16 and 18 St Marks Road consist of two ground Lessors' (freehold) interests with identical 1,232sqm land areas offering a long-term investment opportunity. Whilst 16 St Marks Road offers an attractive ground rental, this asset also displays versatility for the purchaser to utilise the newly signed variation to subdivide and occupy or develop.
These properties form 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.
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Attributes
NOI
¥56,871,000
Land area gross
4,111 sm
Tenure
Freehold
Media
Investment highlights
Investment Highlights:
14 St Marks Road:
- Freehold 1,647sqm corner site
- Holding income of $209,058p.a. net + GST
- Develop or occupy
16 St Marks Road:
- 21 year perpetual ground lease
- Returning $277,200p.a. net + GST
- 1,232sqm land area
- Attractive variety of options
18 St Marks Road:
- 21 year perpetual ground lease
- Returning $135,000p.a. net + GST
- Generic 1,232sqm parcel of land
- Strong tenant covenant
Contact brokers
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Last updated
Aug 19, 2024
