- 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
Bayleys House, 30 Gaunt Street, Auckland