, Northcote, North Shore

Investment Opportunity

Favoured as sole agents Bayleys is pleased to offer to the market for the first time in 30 years this unique opportunity that consists of a 2,494 square metre site (more or less) on one title.\n\nWith dual access on a major intersection this will have appeal to investors, residential and commercial developers, land bankers and add value investors. Once approved the Proposed Auckland Unitary Plan will allow for more intense development. \n\nThe property consists of three residential scale office buildings located conveniently on 2,494 square metres of land in such close proximity to the northern motorway as well as the town centres of Northcote, Birkenhead, Glenfield, Beachaven, Birkdale and Takapuna.\n\nCurrent Zoning: Residential 7: Office Residential\nProposed Auckland Unitary Plan Zoning: Mixed Housing Urban\n\nCurrently returning approximately $174,463 net per annum over seven different tenancies.\n