Prominent corner site investment with upside
•Approximately 1,012sqm of high profile freehold site in popular location
•Well-maintained and upgraded property with 3 tenants currently generating $166,244.88pa + GST
•Business Metropolitan Centre Zone provides significant future development potential
•Easy access to nearby New Lynn Train Station and the Southwestern Motorway
This exceptional 1,012sqm (more or less) corner site with current diversified cash flow provides enormous potential. The property is situated in a superb and unbeatable location within bustling New Lynn. Encircled with all the retail and commercial offerings you could possibly need, the property is only a short walk to New Lynn Train Station and LynnMall.
Future and continuous population growth is expected as New Lynn has become the focus of large-scale urban development. Just 10km southwest of the Auckland CBD, it is within close reach of other popular suburbs including Blockhouse Bay, Avondale, Titirangi and Green Bay.
This is a significant opportunity well suited to land bankers, developers, or add-value investors looking to position themselves within prosperous New Lynn.
•Well-maintained and upgraded property with 3 tenants currently generating $166,244.88pa + GST
•Business Metropolitan Centre Zone provides significant future development potential
•Easy access to nearby New Lynn Train Station and the Southwestern Motorway
This exceptional 1,012sqm (more or less) corner site with current diversified cash flow provides enormous potential. The property is situated in a superb and unbeatable location within bustling New Lynn. Encircled with all the retail and commercial offerings you could possibly need, the property is only a short walk to New Lynn Train Station and LynnMall.
Future and continuous population growth is expected as New Lynn has become the focus of large-scale urban development. Just 10km southwest of the Auckland CBD, it is within close reach of other popular suburbs including Blockhouse Bay, Avondale, Titirangi and Green Bay.
This is a significant opportunity well suited to land bankers, developers, or add-value investors looking to position themselves within prosperous New Lynn.
Key features
Location
High profile freehold site
Zoning
Business Metropolitan Centre Zone
Transport access
Easy access to nearby New Lynn Train Station and the Southwestern Motorway
Passing income
Three tenants currently generating $166,244.88pa + GST
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