79 Carbine Road and 10 Clemow Drive, Mt Wellington, Auckland

3.2 Hectares Next to Sylvia Park

Prime Real Estate in a Tightly Held Location.

- Substantial 3.2 hectare freehold site with three street entrances
- Current net income of $1,127,760pa + GST (approx) from multiple tenancies including Fonterra, BP, VINZ & Rentokil
- Existing buildings of varying age and condition with a low site coverage and demolition clauses
- Positioned next to the Carbine Road entrance to Sylvia Park, close to train, bus and Aucklands motorway network including the proposed East West Link

Positioned next to Sylvia Park, New Zealands largest retail development, this property offers a significant income stream on an undeveloped site with key transport links nearby. With options to invest with future upside, redevelop the entire site, or simply land bank for the future, this is fundamentally good real estate in a tightly held location.