519 Ellerslie Panmure Highway, Mt Wellington, Auckland

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.