Royal holding with strategic appeal
Key features;
• Strategic freehold landholding of 2,731sqm (more or less)
• Recently renewed 10-year lease to Burger King expiring 2034
• Favourable redevelopment provision upon 24 months' notice
• Zoned Metropolitan Town Centre (building height of up to 72.5m)
Available for the first time in 30-years, 1 Clark Street is now on the market as one of New Lynn's premier metropolitan-zoned sites. This prime 2,731sqm (more or less) freehold property offers significant development potential with zoning allowing for buildings up to 72.5m high.
A newly renewed 10-year lease to Burger King adds security, with a strong net rental income of $153,500pa plus GST. The lease benefits from a demolition or redevelopment provision, providing developers the flexibility to plan and consent while still generating income.
Directly across the road from New Lynn Train Station due to benefit from the highly anticipated City Rail Link (CRL) scheduled to be operational in 2026. In addition to Lynn Mall, surrounded by national tenants such as Les Mills, New World and Mitre 10 Mega - enhancing strategic appeal.
This is a rare opportunity to secure a high-profile site in one of Auckland's key suburban hubs. Don't miss out!
• Strategic freehold landholding of 2,731sqm (more or less)
• Recently renewed 10-year lease to Burger King expiring 2034
• Favourable redevelopment provision upon 24 months' notice
• Zoned Metropolitan Town Centre (building height of up to 72.5m)
Available for the first time in 30-years, 1 Clark Street is now on the market as one of New Lynn's premier metropolitan-zoned sites. This prime 2,731sqm (more or less) freehold property offers significant development potential with zoning allowing for buildings up to 72.5m high.
A newly renewed 10-year lease to Burger King adds security, with a strong net rental income of $153,500pa plus GST. The lease benefits from a demolition or redevelopment provision, providing developers the flexibility to plan and consent while still generating income.
Directly across the road from New Lynn Train Station due to benefit from the highly anticipated City Rail Link (CRL) scheduled to be operational in 2026. In addition to Lynn Mall, surrounded by national tenants such as Les Mills, New World and Mitre 10 Mega - enhancing strategic appeal.
This is a rare opportunity to secure a high-profile site in one of Auckland's key suburban hubs. Don't miss out!
Key features
Floor area details
240sqm (approximately)
Land area breakdown
2,731sqm (more or less)
Occupancy
For sale with tenanted investment - contact agents for Lease details
