416 Broadway, Newmarket, Auckland

UNDER-DEVELOPED SITE IN PRIME LOCATION

Tenders close (unless sold prior)
4pm, Friday 29 May 2015
29 Northcroft Street, Takapuna, Auckland.

This is an excellent opportunity to secure a strategically located investment property opportunity in the major suburb of Newmarket, Auckland.

The strengths of these properties include:

- Multi-tenanted standalone investment opportunity
- Massive profile to busy Broadway and Nuffield Street in the heart of Newmarket
- Fully leased with NZ Post / KiwiBank as anchor tenant
- Currently returning $282,304 + GST per annum (net) plus 100% Outgoings
- Under-developed site with dual street frontages
- Newmarket has enjoyed strong population and commercial growth in recent years
- Favourable Business 3 Zone under the Auckland District Plan
- Under the proposed Auckland Unitary Plan the Zone for this location is Metropolitan Centre.

Enjoy the income now while you consider the future development potential of this underdeveloped dual street frontage site in the high demand location of Newmarket.

The flexible zoning permits a wide range of uses including residential with a maximum height allowance of 33 metres. Invest now and explore all add value potential.