Strategic development site with holding income


6 Port Albert Road, Wellsford

Asking Price NZD $4,575,000 + GST (if any)

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Strategic development site with holding income | 6 Port Albert Road, Wellsford | 1201181 |      X Close
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Description

Strategic development site with holding income


•Business Town Centre zoning

•Significant freehold site: Measured at 1.38 ha

•Broad commercial utility: large or small format retail potential

•Holding income: returning $131,800 net per annum

This large freehold development site centrally located in Auckland's Northern-most suburb is for sale asking $4,575,000 (Plus GST, if any).

Comprising 1.38 hectares (more or less), 6 Port Albert Road is a rare opportunity to secure a large land holding in a growth centre.

The property is strategically positioned at the junction of State Highway 1 and 16 and less than 500m from main-street Wellsford. The area is already experiencing aggressive residential development and is poised for considerable population growth.

The site presents a development opportunity with less than 10% of the land area developed. The property includes a month-by-month lease to AB Axis Industries in the existing 1200sqm build returning $131,800 (plus GST and Outgoings) pa. The property has potential for multiple logistics access points, ideal for FMCG loading and suitable for HPV 23m truck and trailer access.

6 Port Albert Road, Wellsford

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