Ponsonby
158-164 Richmond Road, Ponsonby, Auckland
For Sale by Negotiation
Corner Ponsonby trophy
• Freehold investment with diverse income streams within 425sqm (more or less) net lettable area situated on a prominent corner site of 368sqm (more or less)
• A scarce opportunity in this tightly-held and highly-desirable location
• Returning a combined income of $136,523.39pa (approximately) with potential rental growth
• Zoned Business - Neighbourhood Centre offering future development potential
Opportunities such as this seldom come to the market. Strategically positioned on one of the most sought-after streets in Ponsonby, the property encompasses a superette, barber, billboard and four residential tenancies, returning a combined income of $135,023pa (approximately).
The property enjoys ease of access to motorway networks and main arterial routes and is located a short distance from a range of amenities including the ever-popular Richmond Road shopping village, Countdown supermarket and countless popular dining options. Considerable future add-value and development potential can be unlocked due to its favourable Business - Neighbourhood Centre zoning.
Passive investors should not miss this strategically positioned city-fringe asset.
Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz
Damien Bullick
022 420 6845
damien.bullick@bayleys.co.nz
Tony Chaudhary
Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Damien Bullick
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Location
Scarce opportunity in this tightly-held and highly-desirable location
Exposure
Prominent corner site of 368sqm (more or less)
Opportunity
Considerable future add-value and development potential can be unlocked due to its favourable Business - Neighbourhood Centre zoning
Passing Income
Returning a combined income of $135,023pa (approximately) with potential rental growth
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