Bayleys Real Estate Ltd
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Albany

6 Arrenway Drive, Albany, North Shore

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560sqm Floor area

By Negotiation

Hot Retail Opportunity


- Add value/Break up!\n- Attention Developers, Owner Occupiers, Tenants\n- Large 1,847sqm freehold stand alone site with ample car parks\n- Substantial 560sqm tilt slab building with holding income of $163,734.70pa + GST + OPEX\n- Would suit a variety of uses including retail, restaurant, showroom, childcare, subject to Resource Consent \n\nLocated on the Eastern side of Arrenway Drive close to the junction with Triton Drive neighbours include The North Shore Plaza, Turners Cars and Fish City.\n\nCurrently occupied by Korean Sauna and The Nam San Restaurant the passing rental provides holding income with the option to terminate the Sauna tenancy. This property offers investors, owner occupiers, and developers an opportunity to grow the income or divide the property into a range of smaller units upwards of 80sqm and represents exceptional value for money.\n

Michael Block

Michael Block


Bayleys Real Estate Ltd, Remuera,
Licensed under the REA Act 2008
Terry Kim

Terry Kim


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Adam Curtis

Adam Curtis


Bayleys Real Estate Ltd, Northwest,
Licensed under the REA Act 2008

Features

Building Area


80sqm - 560sqm (more or less)

For Sale or Lease


Expressions of Interest/Negotiation

Korean Sauna Limited


Returning $163,734.70pa + GST + OPEX

Land Area


1,847sqm (more or less)

Nam San Restaurant


Currently under review

PAUP


Light Industry, Precinct - Albany 2

Zoning


Business 10