Devonport
9-11 Clarence Street, Devonport, North Shore
+11
Freehold corner with massive potential
- Current net income of $145,578.99+ GST
- Freehold site of 911sqm (more or less) with low site coverage
- Flexible lease terms presents a range of investment, occupation or redevelopment options
A level freehold corner at Clarence and Wynyard with 911sqm (more or less) of land and northwest facing aspect. Improvements are modest relative to site size creating a rare blank-canvas feel in the village grid and presents arguably the most logical redevelopment opportunity in Devonport.
The current income benefits from three established tenants with flexible terms with potential to immediately increase returns via the leasing of existing vacancies while you plan out the future for this compelling site. On-site parking for 17 cars underpins tenant and occupier appeal.
This property forms part of a once in a generation six property portfolio in Devonport, available for sale individually, together or in any combination please contact the Sole Agents for further information.
https://www.bayleys.co.nz/listings/commercial/auckland/north-shore/-devonport-portfolio-devonport-16910161
Michael Nees
+64 21 182 3085
michael.nees@bayleys.co.nz
Damien Bullick
+64 22 420 6845
damien.bullick@bayleys.co.nz
Alan Haydock
+64 21 532 121
alan.haydock@bayleys.co.nz
Michael Nees
Bayleys Real Estate Ltd, North Shore Commercial,
Licensed under the REA Act 2008
Alan Haydock
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Damien Bullick
Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Features
Prime frontage
Prominent central Devonport corner position with excellent visibility
Land area breakdown
911sqm (more or less) underdeveloped land holding zoned Business – Town Centre
Occupancy
Anchored by established tenants Asahi Restaurant and Liquorland
Opportunity
Flexible lease structure allows for add value, repositioning or redevelopment
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