FOR SALE
DEADLINE PRIVATE TREATY 9TH MAR 2022 16:00:00 (UNLESS SOLD PRIOR)
Here’s a development opportunity only a 5 minute walk away from Browns Bay Beach. This seaside suburb has been experiencing steady growth and re-development with residents attracted by the flat walk to shops or the beach along with a host of amenities close by.
The property consists of a 1,048m² freehold site Zoned Business Town Centre under the Auckland Unitary Plan and a building of approximately 717m² currently generating $116,280pa in rent from a mix of commercial and residential tenants.
With apartment blocks on either side, this property will suit a purchaser with an eye to add significant value by maximising the height potential of the site. Collect the rent while you make your plans for the future.
Viewings strictly by appointment – call the Sole Agents now.
Features
-Site area 1,048m²
-Building area 717m² approx.
-Fully occupied, mix of commercial and residential
-Gross rent $116,280pa
-Enjoy the rental income while planning your development
-Popular, beachside suburb
-Flat walk to beach, shops, cafes and restaurants
-Developers and investors must inspect
-Zoning – Business – Town Centre (potential 18 metres high)