140 New North Road, Eden Terrace, Auckland

High Profile Corner Site with Income

- 1,055sqm freehold, mixed use zoned corner site
- 1,815sqm of improvements currently operating as boarding and accommodation facility
- Returning $165,000 net pa + GST with significant rental upside
- High profile position with generous north west facing frontage
- Strategic position moments from the CBD and poised to benefit from the completion of the City Rail Link
- Double Grammar zone
- Add value, invest or develop - the choice is yours!

140 New North Road boasts a 1,055sqm high profile corner position. Currently returning $165,000 net pa + GST with significant rental upside on offer. The existing improvements comprise a 22 room boarding hostel along with 17 self contained one and two bedroom units.

Strategically positioned moments from the CBD and poised to benefit from the completion of the city rail link.

Add value investors can help solve Auckland's housing crisis while capitalising on the demand for residential accommodation. Developers will appreciate the generous north west facing corner position, favourable mixed use zoning and proximity to an array of surrounding amenity and transport links.