8 Lion Place, Epsom
8 Lion Place, Auckland, Auckland, 1023, NZ
50,870 sf
Asset description
JLL as exclusive agents are excited to present the ‘Portfolio of the Century’, offering strategically located sites with reliable cashflow, future upside, development options, and two assets with the ability to occupy.
A rare and captivating opportunity to secure one, some, or all, of the seven individual assets making up the Portfolio of the Century – consisting of five Ground Lessor’s (freehold) interests and two freehold standalone offering.
The seven assets offer a variety of lessees including internationally owned companies, large car dealerships, and medical practices. Totaling 9,487 sqm of freehold land, and returning approximately $1.425m + GST + operating expenses p.a., this portfolio provides diversity and is a unique and intergenerational collection.
JLL is offering the Portfolio of the Century by way of Tender closing 4.00pm (NZST) Tuesday 17th of September 2024.
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Attributes
Land area gross
102,117 sf
NOI
$834,000
WALT
5 years
Buildings
7
Zoning
Business - Mixed Use
Media
Investment highlights
Investment Highlights
- Reliable and substantial cashflow: Combined annual ground rental of $1,425,058 net p.a.
- Desirable zoning: All sites are zoned mixed-use, enabling future development upside and options.
- Premier location: All properties are situated within the tightly held and highly coveted suburbs of Epsom, Newmarket, and Remuera.
- Occupy and/or develop: Two of the properties provide the owners with the ability to occupy and/or develop in the short to medium term.
- Prominent Lessee covenants: Lessees include Sime Darby and Giltrap Motor Group.
Contact brokers
Portfolio of the Century, Epsom & Remuera (0 Properties)
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Last updated
Aug 20, 2024
