125 Queens Road, Panmure, Auckland

City Fringe add-value development opportunity

• Superior exposure in the town-centre heart of Panmure
• 263sqm (more or less) fee simple land holding in the flexible Business - Town Centre Zone offering increased height allowance
• Holding income of $22,385 pa plus outgoings plus GST
• A commuter's dream - only moments away from central bus and train amenity.

The ground floor retail/office has a floor area of 215sqm (more or less). The first floor offices have a floor area of 195sqm (more or less) of which 135sqm (more or less) is currently leased to Rowe & Co Limited - Chartered Accountants. Rowe & Co Limited is currently paying a net rental of $22,385.00 pa plus outgoings plus GST.

This is a high-profile building positioned on a land site of 263sqm (more or less). The building has an IEP rating of 60% (Grade C).

The value of the property lies in its development/re-development potential under the Auckland Unitary Plan. The property sits within the Business - Town Centre Zone facilitating increased intensification, including office and residential activities to upper floors.

Owner-occupiers, active add-value investors, and property developers should inspect.

Geoff Wyatt
021 982 322
geoff.wyatt@bayleys.co.nz

Tonia Robertson
021 619 200
tonia.robertson@bayleys.co.nz