Income, flexibility and future potential
76 Forge Road, Silverdale, Auckland
• $221,550pa + GST and outgoings with further leasing upside
• Flexible layout for investors, occupiers and specialist users
• 2,770sqm (more or less) freehold site with redevelopment potential
Set on a substantial 2,770sqm (more or less) freehold site, 76 Forge Road brings together established income, vacant space and a flexible building configuration in one of Silverdale's key commercial locations.
Current tenants provide $221,550pa + GST and outgoings, with further upside available through leasing the remaining vacant space. The existing layout also opens the door to owner-occupiers, office users and specialist operators, subject to council consent.
For investors, there is the ability to grow the rental return over time. For occupiers or developers, there is flexibility to secure space while retaining income from other tenancies. The scale of the building, landholding and Heavy Industry zoning add further options with development clauses in the existing leases.
Whether the focus is income growth, occupation or redevelopment, 76 Forge Road offers real scope to add value from day one.
• $221,550pa + GST and outgoings with further leasing upside
• Flexible layout for investors, occupiers and specialist users
• 2,770sqm (more or less) freehold site with redevelopment potential
Set on a substantial 2,770sqm (more or less) freehold site, 76 Forge Road brings together established income, vacant space and a flexible building configuration in one of Silverdale's key commercial locations.
Current tenants provide $221,550pa + GST and outgoings, with further upside available through leasing the remaining vacant space. The existing layout also opens the door to owner-occupiers, office users and specialist operators, subject to council consent.
For investors, there is the ability to grow the rental return over time. For occupiers or developers, there is flexibility to secure space while retaining income from other tenancies. The scale of the building, landholding and Heavy Industry zoning add further options with development clauses in the existing leases.
Whether the focus is income growth, occupation or redevelopment, 76 Forge Road offers real scope to add value from day one.
Key features
Passing income
$221,550 net p.a. passing income, with scope to grow
Opportunity
Multiple pathways to add value through leasing, occupation, redevelopment or future repositioning
Land bank
Substantial 2,770sqm freehold site providing scale and longer-term development potential
