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• Split risk investment returning $135,130.77pa + GST from three tenancies
• Town Centre zoning (21m) on ridgeline with spectacular viewshafts
• Booming locality undergoing significant apartment redevelopment
Situated on the sought after southern ridgeline of Mokoia Road, Birkenhead the property presents a fantastic opportunity for a discerning investor to purchase an investment with a reliable, diversified income stream and future opportunities to be explored
The income stream is well-balanced across two retail tenants and a third tenant occupying the basement tenancy. Modest rental rates mean that there is real potential for an increased future return for the successful purchaser.
The future zoning being Town Centre with a specific 21m height overlay allows for retail at street level with apartments above. Proximity to Auckland CBD, public transport infrastructure and now the zoning framework has provided the catalyst for a hotbed of development that is already taking off in the area and has been consented, sold and built.
For Sale by Deadline Private Treaty closing on Thursday, 21 April 2022 at 4pm.