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Milford, 145-147 Kitchener Road

Retail Investment - Ideal Investor or Part Owner Occupier

Price by Negotiation

Listing Number: NSC27829
About this listing
Milford is in demand from tenants and investors alike. This freehold Milford is an absolute winner given its location, multiple tenancies and possible medium-term re-development potential.

Situated next door to New World Supermarket this regular-shaped freehold site of 758m² (more or less) is zoned Business Town Centre allowing development up to 18 metres in height.

Consisting of 11 tenancies current net income is approx $285,360pa + OPEX and GST with potential for this to be increased to approx $295,000pa + OPEX and GST.

On 1st November 2019, an office tenancy becomes vacant providing a rare opportunity for an owner-occupier to combine ownership plus investment income from some 10 tenancies.

The property is built as two separate developments; one a retail mall complex and the other as a commercial office block and hospitality. IEP seismic rating is 100% NBS on the retail portion and 95% NBS on the office.

For sale by negotiation - Call for details.

To download property files please copy and paste this link into your browser: http://www.propertyfiles.co.nz/property/NSC27829
Property Information
  • Approx Floor Area: 775 sqm
  • Property Type: Office, Retail
  • Approx Floor Area
    • Office Square Metres: 366
    • Retail Square Metres: 409
  • Property Features: Multi-tenancy retail/office split risk investment with leases that allow the possibility of development in the medium-term. Well located in the heart of Milford on a freehold north-facing site.
  • Parking
    • Carparks: 4
    • Uncovered: 4
  • Property Details: Tenanted Investment
  • Tenure: Fee Simple

Contact Details

NAI Harcourts North Shore

Cooper & Co Real Estate Ltd

Licensed REAA 2008

4/128 Hurstmere Rd
Office website

Property Location

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