Glen Innes
227 Apirana Avenue, Glen Innes, Auckland
+15
Exceptional tenant mix and growth potential
• Profile freehold investment with exceptional WALT of 14 years (approximately)
• Returning $340,460pa + GST + Opex and anchored by international and local tenants
• Strategic main road position now home to many national and international brands
• Strategic 1,512sqm (more or less) landholding with development intensive zoning provides future upside
Positioned in the heart of Glen Innes' intensifying commercial hub, this fully leased investment combines secure long-term income with future add-value potential. Anchored by global household names Burger King and Starbucks, the property delivers $340,460pa + GST (net) with a WALT of 14 years and built-in growth.
The substantial 1,512sqm freehold site enjoys commanding frontage to one of East Auckland's busiest arterials, surrounded by major brands capitalising on strong residential growth. With Business - Town Centre zoning and a 32.5m height allowance (subject to Consent), the under-utilised landholding offers exceptional redevelopment potential.
Whether land banking, holding for income, or unlocking future development, this rare offering ticks every box for astute investors. Call us now!
Karen Yung
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
James Chan
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Cameron Melhuish
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Zoning
Business – Town Centre Zone
Exposure
Strategic main road position
Occupancy
Fully leased, returning $340,460 + GST + Opex and anchored by international and local tenants
Lease
Profile freehold investment with exceptional WALT of 14 years (approximately)
Land area breakdown
1,512sqm (more or less)
Floor area details
315sqm (approximately)
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