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East Tamaki

265 East Tamaki Road, East Tamaki, Manukau

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676sqm Floor area
3,561sqm Land area SQM

Private Treaty

(unless sold prior)

Split risk investment with upside


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

For Sale by Deadline Private Treaty
(unless sold prior)

2 Harris Road, East Tamaki

22

Dec

Time3pm
Calander
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Tony Chaudhary

Tony Chaudhary


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Amy Weng

Amy Weng


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Janak Darji

Janak Darji


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008

Features

B Grade IEP Rating


75% of New Building Standard

Large freehold site


3,561sqm (more or less)

Split risk


Combined income of $125,000pa plus GST and outgoings