25-27 Crowhurst Street, Newmarket, Auckland

Prime Newmarket land bank

• Highly sought after location at the heart of Newmarket
• Zone Business - Metropolitan Centre with development upside
• Double grammar zone with easy access to arterial routes
• Dual street access offers flexible options
• Net rental $315,375 with two yearly rent reviews.
• Long term stable tenants, including Bedpost, Wentworth Computer Science College, Edu Experts education
• Development potential (72.5m height) and its range of activity uses
• Surrounding landmarks and facilities. (Auckland hospital, train stations, Auckland domain, motorway ramps)

With an approximately 1,411 sqm land holding strategically located across one of Newmarket's landmark shopping mall - Westfield Newmarket, this site is surely going to attract the attention of all investors, developers and landbankers. The property has two separate standalone buildings, one single storey retail/show room premises located along the Crowhurst Street front and another four storey building located to the rear of the site with secondary access off Melrose Street. This property offer enormous redevelopment potential with good holding income.
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