Motivated Vendor
This supremely scarce property is seriously for sale. Here is an exceptional opportunity to occupy, develop or invest with a highly motivated vendor now moving overseas, providing clear instructions to sell at Auction.
The freehold property hosts five tenants with flexible leases allowing owner-occupiers the ability to take over now. Supermarket operators seeking a new premise should look no further. Holding income in place from the existing retail tenants allows purchasers cash flow while creating plans for the property.
The large 3,345m2 freehold site has exceptional development potential with favourable Business Town Centre zoning. Under Auckland Council’s new National Policy Statement on Urban Development, the site now has the potential for a six-storey building with a multitude of uses, including residential and build-to-rent.
The rare nature of the high-profile site and its proximity to the Mt Albert train station and near complete CRL provides an exceptional prospect for parties looking for an unrivalled opportunity in Auckland’s fringe.
Please contact the sole agents for further information and inspection windows today.
Features:
* MUST SELL - Vendor is moving overseas and meeting the market
* Exceptional opportunity for developers, investors and occupiers
* Unrivalled 3,345m2 Mount Albert site on the golden mile
* Holding income with flexible lease terms and potential for vacant possession
* Upside for occupiers and investors with underutilised improvements