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• Large high profile 1,680sqm fee simple corner site
• Split risk income. Three established tenants, returning $509,482 + GST p.a.
• Strategic Morningside location, close to amenities & public transport systems
• Intensive Business - Mixed Use zoning + potential to increase intensity further
• Versatile opportunity for investors, land bankers and developers
A rare chance to secure a large, freehold 1,680sqm landholding in the tightly held, and highly sought-after Morningside precinct. Situated on a high profile corner site with underlying intensive Business - Mixed Use zoning with a height allowance of 18 metres and with potential to increase intensity further. The property comprises two standalone buildings, generating a diversified income stream from three well-established tenants, returning $509,482 + GST p.a. (net).
The properties occupy centre stage within the popular Morningside precinct, home to popular cafes and restaurants, event spaces and character office tenants. A short drive further south along Morningside Drive is the Westfield St Lukes Shopping Mall and adjacent national bulk retail operators. There is easy access to Kingsland, Grey Lynn, Ponsonby and Auckland CBD and walking distance from Morningside train station.
City fringe properties of this calibre are scarce - call now for further information.