Tenanted investment /develop/occupy, 65% IEP

Mt Roskill

By Negotiation

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Tenanted investment /develop/occupy, 65% IEP | Mt Roskill | 1685054 |      X Close

Tenanted investment /develop/occupy, 65% IEP

This is a fantastic opportunity to purchase a freehold investment with a sought after Dominion Road address. The property is a stand alone building comprise with a retail shop on upper ground level, and accommodation on lower ground level with separate entrance from the side of the property. The building has total approximate floor area of 205.16 square metres on approx 310 square metres of Business 2 zoned land.

The ground floor accommodation offers an open plan retail tenancy, to the rear of which is a small kitchenette, wc and a storage room. An external flight of stairs from the rear of this level provides access to the lower ground floor.

The subject is accompanied by open carparking to the rear of the development, access to which is from Mt Albert Road and would appear to accommodate approximately four vehicles. We note the carparking area is unsealed and finished with rough gravel.

The subject property lies to the western side of Dominion Road, a short distance from its intersection with Mt Albert Road. In this position the subject is located to the southern fringe of the Mt Roskill commercial retail strip within the suburb of Mt Roskill, Auckland City.

The surrounding properties located to the southern side of the Mt Albert Road intersection include Alton Alterations, an Amcal Pharmacy, a video store and a Barfoot & Thompson office. Properties to the northern side of the Mt Albert Road intersection include a number of the major retail banks and more prominent retailers.

Salient attributes of the property include:

1. Well presented freehold standalone building

2. Profile frontage to busy Dominion Road

3. Total Land area 310 square metres more or less

4. IEP 65%, not earthquake prone

5. Well maintained property with add value opportunity

6. Superb investment opportunity not to be missed