2169 Great North Road, Avondale, Auckland

2169 Great North Road, Avondale, Auckland Tenanted Investment with Fixed Rental Growth

2169 Great North Road comprises a site area of 2,065 sqm (approx.) currently occupied by four tenancies providing good holding income with fixed rental growth per annum. Tenancies mixed with car dealerships and panel beater. The property not only offers an outstanding road profile with over 20,000 vehicles passing daily but also benefits from over 50 metres long road frontage along one of Auckland’s main arterial roads. 2169 Great North Road is sure to attract the attention of investors, owners/occupiers wanting to move their business here, or land bankers/developers who are planning for their next project. CBRE is proud to have been exclusively appointed on behalf of the vendors to offer this well-located and highly desirable property to the market.

The property is zoned Terrace Housing and Apartment Buildings (THAB) with some existing commercial use rights, all leases with demolition clauses allowing for potential re-development or owner occupy to take over.

2169 Great North Road is located between the highly popular and fast-growing western suburbs of Avondale and New Lynn. The property is handy to train stations, shopping centres, good schools, hospitals, motorway ramps, and more.

2169 Great North Road, Avondale is for sale by Deadline Private Treaty closing Wednesday 3 April 2024 at 4:00 pm NZST (unless sold prior).

Vendors cashing up and ready to move on.

Key Features:

- Approximately 2,065sqm THAB land with existing commercial use right

- Over 20,000 vehicles pass the site daily (ADC Stats 2022)

- Huge profile, over 50 metres of road frontage, and double carriage entry/exit

- Holding income from existing tenancies

- Demolition clauses in all leases for future re-development or owner/occupier

- Services to boundary

- Close to train station, public transport, hospital, shopping centres, and all amenities