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Mt Wellington

519 Ellerslie Panmure Highway, Mt Wellington, Auckland

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3,392sqm Floor area
9,281sqm Land area SQM

Tender

(unless sold prior)

Strategic 9,281sqm Mixed Use site with income


• 9,281sqm freehold land holding zoned Business - Mixed Use
• Strategically located in high-profile position opposite Panmure Train Station
• Multiple income streams returning $807,380 + GST p.a.
• Imminent rental growth due
• Flexible leases with opportunities for investors, developers and land bankers

A rare opportunity to acquire an asset of this quality and scale in this strategic and high-profile location. The property provides an attractive diversified income stream from multiple established tenants, generating a cashflow of $807,380 + GST p.a.

Situated in the heart of Mt Wellington and a short walk from the Panmure Train Station, this underdeveloped site is surrounded by other retailers including Harvey Norman and Rebel Sport. The underlying 9,281sqm land holding and Business - Mixed Use zoning provides huge future development potential, with flexible leases also providing the option to develop in the medium term or hold for long-term land bank.

Don't miss this opportunity - call now for further information.

Tender
(unless sold prior)

Bayleys House, 30 Gaunt Street, Auckland Central

24

Oct

Time4pm
Calander
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Alan Haydock

Alan Haydock

Commercial Sales

Bayleys Real Estate Ltd, Auckland Central,
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
Phil Haydock

Phil Haydock

Commercial, Development and Investment Sales

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

Features

Land area


9,281sqm freehold land holding zoned Business – Mixed Use

Location


Strategically located in high-profile position opposite Panmure Train Station

Passing income


Multiple income streams returning $807,380 + GST p.a.

Opportunity


Flexible leases with opportunities for investors, developers and land bankers