181-183 and 185-189 Apirana Avenue, Glen Innes, Auckland

High Profile 3,785sqm Site with Income

- Two freehold standalone commercial properties on adjoining titles
- 3,785 sqm fee simple land zoned Business - Town Centre with 32.5m height
- Sought after and strategic position on main arterial in growth location
- Split risk multi-tenant income returning a total of $350,782 + GST p.a.
- Premium investment, land bank or development opportunity

This freehold investment has something for everyone. Strategically positioned within a key City Fringe growth location, the property offers a total of 3,785 square metres of fee simple land in two titles, directly opposite Pak'nSave Supermarket. The land is zoned Business -Town Centre which allows for an intensive mixed use development of up to 32.5 metres in height.

The existing buildings on the site return $350,782 + GST p.a. from a total of 7 tenants, providing a strong diversified cashflow, with massive potential for rental growth.

Whether as a long term land bank, add value proposition or full scale development site, this rare offering is an opportunity not to be missed. Call now for further information