Attention Mechanics, Developers, and Investors! A rare opportunity awaits you at 2 Kaurilands Road, Titirangi. This property offers immense potential, and whether you're an owner-occupier, looking to develop, or seeking an investment opportunity.
Key Features:
• Generous 1,002sqm freehold property featuring a dual-pumped petrol station with convenience store, mechanical workshop, and yard
• High demand neighbourhood with growing residential catchment
• One of only two commercial motor vehicle servicing and repair workshops with petrol station in Titirangi
• Well-exposed standalone property on prominent corner
• Strategically located at the intersection of Atkinson Road and Kaurilands Road
• Business Neighbourhood Centre zoning allowing for a range of commercial and residential activities
• Future development upside with a potential build height of up to 13 meters
• Lease expiry on August 31, 2024, allowing for flexibility, and options.
For Owner-Occupiers, this is an opportunity to own and operate your own mechanical workshop. As one of only two petrol stations with workshop in the entire suburb, competition is minimal, and the population is growing. This property also offers loads of potential with flexible options to explore other business ventures.
For Developers, this strategic site is favourable for a range of commercial and residential activities. Capitalize on this prime location with Business Neighbourhood Centre zoning, offering the potential to build up to 13 meters in height. Unlock the property's potential and maximize its value.
For Investors, gain a holding income from the current tenant until the lease expiry in August 2024. Realise upside through rental adjustments to market level. Additionally, the property's low site coverage provides the potential to create additional building area and enhance the lettable area, generating more cash flow.
For Sale by Deadline Date for Offers closing 12:00pm, Wednesday 15 May 2024 (unless sold prior)