8 Lion Place, Epsom
8 Lion Place, Auckland, Auckland, 1023, NZ
50,870 sf
JLL are proud to present to the market 3 and 7 Mauranui Avenue, Epsom. Seldom does an opportunity present itself to secure two perpetually renewable ground Lessor's (freehold) interests with the potential to capitalise on future rental growth.
Both assets incorporate leasehold interests, owned by Sime Darby Property (NZ) Limited and have matching lease terms, being 21-year perpetual lease periods with 7 yearly rent reviews to market with the next occurring on 1 September 2026.
3 Mauranui Avenue, being the closest to St Marks Road, is a 1,478sqm (more or less) site which is currently improve with a 2-level office block serving as Sime Darby's local head office. 7 Mauranui Avenue is 1,277sqm (more or less) and is currently being used as a single-level workshop. Both are a generic rectangular shape, with a level gradient.
The properties are available separately or together.
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.
Investment Highlights:
3 Mauranui Avenue:
7 Mauranui Avenue: