CBD Fringe Investment with Development Upside


87 College Hill, Freemans Bay

Private Treaty

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CBD Fringe Investment with Development Upside | 87 College Hill, Freemans Bay | 1692557 |      X Close
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CBD Fringe Investment with Development Upside


*NEW DEADLINE CLOSING THURSDAY 14 OCTOBER 2021*

• Fully leased, returning $94,500 + GST p.a.

• Freehold 312sqm Business - Mixed Use zoned land

• Three bedroom dwelling plus office and car parking

• Rare opportunity to secure a multi-use property with future development potential in Auckland's sought-after Freemans Bay

The property comprises two fully self-contained tenancies. The first, a refurbished office tenancy that occupies a high profile position on College Hill and currently returns $47,000 + GST p.a. with built-in rental growth. The second, a three-bedroom dwelling with a tranquil courtyard and storage space, leased to a commercial occupier, returning $47,500 + GST p.a. (net). Both tenancies enjoy city views.

The property is superbly located moments from the CBD and within walking distance of Ponsonby Road. Investors looking for a multi-use, split risk investment with future development upside must investigate.

Call today for further information.

87 College Hill, Freemans Bay

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