15 Nugent Street, Grafton, Auckland

Grafton Warehouse on Mixed Use Land

- Under-developed 1,988sqm of high profile Mixed Use zoned land in Grammar Zone
- High-stud industrial building of approximately 939sqm with 30 car parks
- Holding income of $162,000 + GST p.a. with 12 month termination clause
- Favourable Proposed Auckland Unitary plan zoning provides big upside (max height 20.5m)
- City fringe sites as good as this are rare and tightly held - secure this while you can!

Strategically positioned, this property is set to see significant benefits as Auckland continues to grow. Under the Proposed Auckland Unitary Plan, the property receives an additional height allowance permitting a maximum height of 20.5metres. Mt Eden train station, which is a short walk around the corner, will connect the area directly to the CBD via the City Rail Link.

Furthermore the property is positioned within Grammar School zone and has great access to CBD, Newmarket, Ponsonby, Mt Eden and motorway systems. Own and occupy, add-value investment, land bank or develop. This is a rare opportunity. Don't miss this one!