211 Richardson Road, Mount Roskill, Auckland is available for sale via tender closing 4pm, Tuesday 14th May 2024 (unless sold prior). The vendor is now required to sell the property, creating an opportunity for astute investors and opportune developers who can transact promptly.
The property, situated alongside Auckland’s State Highway 20 (“The South Western”) has prominent street frontage to Richardson Road, providing huge profile for any future occupiers. The Business - Town Centre zoning allows for a maximum development height of 18m, providing considerable flexibility for future utilization.
The site is currently occupied by Richardson's Tavern (approximately 1,098 sqm) and a yard operator at the rear. With the existing lease agreements, prospective purchasers can take advantage of a demolition clauses in both agreements that provide a convenient exit strategy, while ensuring a revenue stream in the interim.
Key Highlights:
• 8,178 SQM Town Centre landholding.
• Holding income of approx. $217,429.82 plus GST p.a.
• Outgoings recovered from the tenants.
For sale via tender, closing 4pm, Tuesday 14th May 2024. Contact the exclusive listing brokers for further information on this opportunity.