Offlined
• Large 1,175sqm (more or less) freehold title with Business - Light Industry zoning
• Three separate and established tenancies offer a split risk investment with no Body Corporate
• Returning $94,500pa plus GST and outgoings with favourable built-in rental growth
• A Grade Seismic rating (100% NBS ), with a recent report available upon request
Located in an established and solid industrial precinct within the Avondale - New Lynn area this desirable property offers a rare opportunity to purchase a solid freehold property with three separate and established tenancies, providing a solid and split risk income stream and ensuring appeal to a range of purchasers.
The established commercial and industrial precinct of Lansford Crescent offers proximity to Wolverton Street a main arterial in this area, and ease of access to a wide range of nearby suburbs including Avondale, New Lynn, Blockhouse Bay, and multiple nearby transport systems and amenities.
The solid split risk income stream, size, location, and rectangular shape of the site combined with the favourable zoning ensures the appeal to a range of purchasers for this property.
Call the sole agents now to receive full information with all viewings by appointment.
For sale by Auction (unless sold prior) at 11 am, Wednesday 24th April 2024.
Mike Adams
021 977 527
JP Smit
021 021 61616
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.14 km | 3 | 2 | -m2 | Year 2024 Month 03 Day 13 | $973,000 | Council approved | |
 | 0.06 km | 4 | 3 | 0m2 | Year 2024 Month 03 Day 01 | $1,130,000 | Council approved | |
0.26 km | 4 | 154m2 | Year 2024 Month 01 Day 24 | $1,250,000 | Council approved | |||
 | 0.16 km | 1 | 1 | -m2 | Year 2024 Month 01 Day 01 | $540,000 | Council approved | |
0.34 km | 5 | 237m2 | Year 2023 Month 12 Day 20 | $1,350,000 | Council approved |