141-157 Queens Road, Panmure, Auckland

Retail Investment with Residential Potential

- Outstanding retail investment with strong tenant covenant
- Key tenants include ANZ Bank and Tamaki Redevelopment Company (Ex Housing NZ)
- Large 2,963sqm freehold site on two titles
- Proposed Town Centre Zone with 27 metre height limit
- Returning approx $357,000 + GST & Outgoings p.a.

This is a unique investment opportunity as the property has a premium location on Queens
Road Panmure and consists of a large retail complex with a central atrium walk way through to a large car park at the rear of the property. With a net lettable area 1,464sqm this single level building is occupied by four tenants, three of the four tenants having been on site for over 20 years and the ANZ Bank just renewing their lease for a further term. The key to this investment is provided by the zoning under the Proposed Unitary Plan - Business Town Centre, which allows for development of up to 27 metres in height thus providing a significant opportunity for the development of a multi-level residential / retail complex.

For Sale by Auction (unless sold prior)
11am, Wednesday 30th November 2016