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Ponsonby

158-164 Richmond Road, Ponsonby, Auckland

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425sqm Floor area
368sqm Land area SQM

For Sale by Negotiation

Corner Ponsonby trophy


• Freehold investment with diverse income streams within 425sqm (more or less) net lettable area situated on a prominent corner site of 368sqm (more or less)
• A scarce opportunity in this tightly-held and highly-desirable location
• Returning a combined income of $136,523.39pa (approximately) with potential rental growth
• Zoned Business - Neighbourhood Centre offering future development potential

Opportunities such as this seldom come to the market. Strategically positioned on one of the most sought-after streets in Ponsonby, the property encompasses a superette, barber, billboard and four residential tenancies, returning a combined income of $135,023pa (approximately).

The property enjoys ease of access to motorway networks and main arterial routes and is located a short distance from a range of amenities including the ever-popular Richmond Road shopping village, Countdown supermarket and countless popular dining options. Considerable future add-value and development potential can be unlocked due to its favourable Business - Neighbourhood Centre zoning.

Passive investors should not miss this strategically positioned city-fringe asset.

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Damien Bullick
022 420 6845
damien.bullick@bayleys.co.nz

Tony Chaudhary

Tony Chaudhary

Retail, Investment and Industrial Sales

Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Damien Bullick

Damien Bullick

Commercial, Development and Investment Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Location


Scarce opportunity in this tightly-held and highly-desirable location

Exposure


Prominent corner site of 368sqm (more or less)

Opportunity


Considerable future add-value and development potential can be unlocked due to its favourable Business - Neighbourhood Centre zoning

Passing Income


Returning a combined income of $135,023pa (approximately) with potential rental growth

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

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