Sizeable add-value investment


59-87 Station Road, Otahuhu

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Sizeable add-value investment | 59-87 Station Road, Otahuhu | 1692204 |      X Close
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Sizeable add-value investment


• Multiple tenancies - split-risk investment with holding income of approximately $360,000 pa. + GST

• 1,942sqm corner freehold site at the intersection of Station Road and Moa Street

• Resource consent granted for a four levels of apartments with six retail units

• Business Mix Used Zoning (AUP) - 21m height control

On offer is a multi-tenanted investment with consented plan to redevelop. Allocated on the corner of Station and Moa Street, this high-profile corner site comprising of six retail tenancies along Station Road, and two boarding houses tenancies with 31 rooms in total: generating a passing income of $360,000 + GST pa.

Located within the fringe of Otahuhu business town centre, the property benefits from a short walking distance to the brand new Otahuhu Interchange Station for bus and train services and being well connected to local community facilities.

This sizeable development opportunity with strong cash flow is rare to come by especially in this fast-growing suburb, call for inspection today!

Multiple tenancies with holding income of approximately $360,000 pa. + GST.

Full tenancies schedule available upon request.

59-87 Station Road, Otahuhu

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