8 Eldon Street. Takapuna, Takapuna, North Shore

Future Residential Development Site

THE PROPERTY HAS A COMMERCIAL LEASE IN PLACE FOR TWO YEARS. However under the unitary plan the zoning becomes Mixed Housing Urban which allows for more intensive residential development.\n\n- Mixed Housing Urban under the PAUP\n- 883sqm of land (more or less)\n- A perfect add value opportunity \n- Approx net return of $51,354 per annum + GST\n\n8 Eldon Street is a prominent fee simple corner site that sits within the Takapuna strategic special housing area.\n\nThe site and future zoning would lend itself to a more intensive residential development in the future. However, investors and owner occupiers should look seriously at this fantastic opportunity.\n\nThe premise has two (2) commercial tenants who may consider variations to their lease terms as they are both outgrowing their space. \n\nWith the PAUP aiming for more intensive housing, sites such as this become substantially more valuable and sought after.\n\nLocation is one of the most important fundamentals of Real Estate, and this property is in the heart of Takapuna.\n\nAuction (unless sold prior) 2pm, Wednesday 11 November 2015. 4 Viaduct Harbour Avenue, Auckland.