166-170 Apirana Avenue, Glen Innes, Auckland

High profile standalone on 921sqm land (32.5m)

• Freehold standalone retail/warehouse building on 921 sqm fee simple site
• Strategically positioned in a high-profile Glen Innes location, next to Pak'n Save
• Business - Town Centre zoning allows for development up to 32.5 metre height
• Returning $100,547.16 + GST p.a. from 2 established tenants on expiring leases
• Huge scope for investors, occupiers and developers

Positioned in the heart of the Glen Innes retail precinct, this freehold standalone investment provides huge scope for a range of purchasers. Two well established and proven tenants provide a holding income of $100,547.16 + GST p.a. with both leases expiring in September 2022.

Purchasers have the option of renegotiating further leases with existing tenants, occupying part or all of the property, refurbishing and adding value or alternatively undertaking a full development taking advantage of the intensive zoning.

Whatever your plan may be, act now to not miss this golden opportunity.