• Large freehold 1,737 sqm corner site zoned Business – Metropolitan Centre
• Fully leased to established supermarket tenant returning $142,934pa + GST
• A demolition clause in the existing lease
• Positioned in key growth location, close to motorways and public transport
• Prime opportunity for investors, developers and potential occupiers
• Offered for sale individually or together with 3 Rankin Avenue
5 Rankin Avenue offers a 1,737sqm freehold corner site with intensive Business – Metropolitan Centre zoning allowing for significant development potential. The property comprises a standalone, retail / warehouse premises currently utilised as an established supermarket with 17 carparks and multiple roller doors. Floor area is circa 781 sqm. Fully leased on a 5-year term, returning $142,934 p.a + GST, the property has a demolition clause included in the existing lease, providing future flexibility for a range of purchasers.
The property occupies a high profile position and is walking distance to the main arterial of Great North Road, close to Lynn Mall Shopping Centre, New Lynn transport station and a range of amenities.
The property is offered for sale individually or together with its neighbouring property at 3 Rankin Avenue – call now for further information.
Tommy Zhang
+64 21 760 889
Damien Bullick
+64 22 420 6845
Alan Haydock
+64 21 532 121