Unveil the extraordinary potential inherent in this expansive land and building holding located within the heart of New Lynn, a city fringe Auckland suburb which has enjoyed substantial growth over the last decade.
With an annual net income of $705,500 until the final lease expiry in January 2027, this property epitomizes income stability with a variety of future redevelopment options with time to plan. Whether that be re-leasing as is, splitting the existing building to diversify income, or planning a transformative mixed-use or residential redevelopment - the options are varied.
Enhanced by zoning overlays permitting an extended height limit of 72.5m, this site presents a rare opportunity for visionary development in this location. With its proximity to the New Lynn rail station and the established commercial centre, accessibility and connectivity are assured. Amidst recent infrastructure enhancements, and the development of the adjoining residential precinct including Auckland Councils’ new park, the prospects for this property are exciting.
• 4,206sqm (approximately) floor area
• 8,094sqm (more or less) land area
• Business - Metropolitan Centre
• Final lease expiry - 31 January 2027