4-6 Dundonald Street, Eden Terrace, Auckland

Freehold Standalone on 754sqm Land with 18m Height

- Freehold character 1960s standalone building in a popular Eden Terrace location
- Part leased, with holding income of $100,000 + GST p.a. (approx.) + rental upside
- 750 sqm building over 2 levels plus 11 car parks and 2 cart-docks.
- 754 sqm fee simple land, zoned Business - Town Centre with 18m height control
- Strategic location in key growth precinct

This well appointed, freehold 1960s, two level building is currently subdivided in to four tenancies, with two of them being currently vacant and the other two having a short term tenure. Being zoned Business - Town Centre the purchaser has a blank canvas and can pursue a wide range of activities including commercial, leisure, residential, tourist, cultural, community and civic services. The height allowance for the zone is 18 metres this also allows for the possibility of a more intensive residential development.

The property measures approximately 750 square metres and this originally warehouse and office building (with two cart-docks) could easily provide quality showroom space. It benefits from having 11 car parks. As such the existing building lends itself for redevelopment with rental gains to be made.

The property is ideally positioned for an add-value investor, owner occupier or developer. A rare affordable opportunity in a tightly held precinct.