New Lynn
5 Rankin Avenue, New Lynn, Waitakere
Tender
(unless sold prior)
Established supermarket - high profile corner site
• Large freehold 1,737 sqm corner site zoned Business - Metropolitan Centre
• Fully leased to established supermarket tenant returning $142,934pa + GST
• A demolition clause in the existing lease
• Positioned in key growth location, close to motorways and public transport
• Prime opportunity for investors, developers and potential occupiers
• Offered for sale individually or together with 3 Rankin Avenue
5 Rankin Avenue offers a 1,737sqm freehold corner site with intensive Business - Metropolitan Centre zoning allowing for significant development potential. The property comprises a standalone, retail / warehouse premises currently utilised as an established supermarket with 17 carparks and multiple roller doors. Floor area is circa 781 sqm. Fully leased on a 5-year term, returning $142,934 p.a + GST, the property has a demolition clause included in the existing lease, providing future flexibility for a range of purchasers.
The property occupies a high profile position and is walking distance to the main arterial of Great North Road, close to Lynn Mall Shopping Centre, New Lynn transport station and a range of amenities.
The property is offered for sale individually or together with its neighbouring property at 3 Rankin Avenue - call now for further information.
Tommy Zhang
+64 21 760 889
tommy.zhang@bayleys.co.nz
Damien Bullick
+64 22 420 6845
damien.bullick@bayleys.co.nz
Alan Haydock
+64 21 532 121
alan.haydock@bayleys.co.nz
Tommy Zhang
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Damien Bullick
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Alan Haydock
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Land area breakdown
Large freehold 1,737sqm corner site
Passing income
Fully leased to established supermarket tenant returning $142,934pa + GST
Location
Positioned in key growth location, close to motorways and public transport
Opportunity
Prime opportunity for investors, land bankers and potential occupiers
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