UNDER CONTRACT
• Large freehold site - 3,561sqm (more or less)
• Returning a combined income of $125,000pa plus GST and outgoings from two tenancies
• Seismic rating 75% of New Building Standard (Grade B)
• Zoned Business Neighbourhood Centre - provisions typically enable buildings of up to three storeys high and residential use at upper floors is permitted (subject to Council approval)
• Close to motorway, Auckland Airport, Ormiston Town Centre, East Tamaki, Manukau CBD and other amenities
Built in the 1990's, the property is situated in a prominent position, approximately 1.2kilometres from the East Tamaki Road southern motorway interchange. The land is under-utilised, the building has a lettable area of approximately 636.80sqm which reflects approximately a relatively low site coverage of 18% of land area.
Currently occupied by East Tamaki Tavern and Southern Cross Community Association Incorporated, the property is returning a combined income of $125,000pa plus GST and outgoings.
With strong underlying land value and favourable zoning, this opportunity is sure to appeal to investors, developers and land bankers alike.
For further information, contact the SOLE agents today
Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz
Amy Weng
021 177 3422
amy.weng@bayleys.co.nz
Janak Darji
021 047 1290
janak.darji@bayleys.co.nz
*boundary lines are indicative only