Herne Bay Landbank with Income - 3,946m2
300-302 Jervois Road, Herne Bay, Auckland
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Key Investment Considerations:
3,946m2 elevated, north facing, freehold site.
Fully leased to an aged care facility.
Returning $500,000 + GST net p.a.
Fixed annual rental growth.
5.8 years remaining on the current lease.
Development clause allows vacant possession from April 2023.
Excellent development/subdivision potential.
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FOR SALE BY TENDER
CLOSING 15TH DECEMBER 2020
(unless sold prior by private treaty)
Henry Thompson
Henry Thompson
Investment Sales

M +64 21 337 443
E henry.thompson@whillans.co.nz