13-17 Virginia Avenue East, Eden Terrace, Auckland

City fringe investment with development upside

• 1,376sqm (approximately) standalone building with 22 car parks
• Entrenched national tenant returns $495,000pa + GST (net)
• Significantly underdeveloped 1,882sqm (more or less) freehold landholding
• A great site with dual street frontages and a 21m height overlay
• Prime central location near City Rail Link (CRL) experiencing significant intensification

This flexible offering presents opportunities for investors, developers, land bankers, and occupiers. Superbly located in the heart of the city fringe, within easy walking distance of Mt Eden Train Station and City Rail Link (CRL). The generously sized, underdeveloped land holding, zoned Business Mixed-Use, with dual street frontages and a 21m height allowance, will be of great appeal to developers.

Currently occupied by an entrenched national childcare operator, this provides astute investors with an attractive annual net return of $495,000 + GST in a fast-growing and well-connected central Auckland location, zoned for intensification. There are also options to investigate for owner-occupiers requiring a versatile standalone building with good onsite car parking

Properties of this calibre are tightly held and rarely presented to the market. Be sure not to miss this one!