Rare Fully Leased City Fringe Standalone


34 Morrow Street, Newmarket

Auction

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Rare Fully Leased City Fringe Standalone | 34 Morrow Street, Newmarket | 1681156 |      X Close
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Rare Fully Leased City Fringe Standalone


* Prime city fringe investment opportunity in the heart of Newmarket

* Fully leased providing an attractive cashflow of $218,820pa + GST

* Superbly presented showroom and retail spaces and 10 car parks

* Large 754sqm freehold site with huge corner profile

* IEP 90% NBS - Seismic Grade A

* Favourable 'Mixed Use' zoning provides future redevelopment opportunities

* A rare opportunity to purchase in the tightly held Newmarket precinct

All astute investors and developers must inspect this very rare opportunity. 34 Morrow Street provides an attractive cashflow of $218,820pa + GST. It is fully leased and comprises retail and showroom over two levels plus on-site car parking.

Located at the high profile corner intersection of Morrow Street and Gillies Avenue, the property is strategically positioned near a wide range of amenities. Westfield 277 sits directly opposite, along with Broadway and Nuffield Streets just moments away.

A superb investment with development potential. Sit back and enjoy the income flow and "add value" in the future.

For Sale by Auction (unless sold prior)

11am, Wednesday 2nd March 2016

4 Viaduct Harbour Avenue, Auckland