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Glen Innes

181-183 and 185-189 Apirana Avenue, Glen Innes, Auckland

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1,677sqm Floor area
3,785sqm Land area SQM

Private Treaty

(unless sold prior)

High Profile 3,785sqm Site with Income


- Two freehold standalone commercial properties on adjoining titles
- 3,785 sqm fee simple land zoned Business - Town Centre with 32.5m height
- Sought after and strategic position on main arterial in growth location
- Split risk multi-tenant income returning a total of $350,782 + GST p.a.
- Premium investment, land bank or development opportunity

This freehold investment has something for everyone. Strategically positioned within a key City Fringe growth location, the property offers a total of 3,785 square metres of fee simple land in two titles, directly opposite Pak'nSave Supermarket. The land is zoned Business -Town Centre which allows for an intensive mixed use development of up to 32.5 metres in height.

The existing buildings on the site return $350,782 + GST p.a. from a total of 7 tenants, providing a strong diversified cashflow, with massive potential for rental growth.

Whether as a long term land bank, add value proposition or full scale development site, this rare offering is an opportunity not to be missed. Call now for further information

For Sale by Deadline Private Treaty
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland

5

May

Time4pm
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Alan Haydock

Alan Haydock


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

Damien Bullick


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

Features

Freehold


Two freehold standalone commercial properties on adjoining titles

Income


Split risk multi-tenant income returning a total of $348,820 + GST p.a.

Zoning


3,785 sqm fee simple land zoned Business – Town Centre with 32.5m height