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- Large 1,515sqm fee simple land zoned Business - Mixed Use (18m height)
- Holding income in place from multiple tenants, returning $308,677 + GST p.a.
- Potential for refurbishment/repurposing of existing buildings to grow rental
- Strategic Morningside location, close to amenities and public transport systems
- Range of options for both investors and developers
Occupying a prime position in the tightly-held, high-profile Morningside precinct, the site comprises 1,515sqm of fee simple land, with intensive Business - Mixed Use zoning, allowing for a range of development options with a height allowance of up to 18 metres.
The existing buildings comprise a mix of warehouse and office, with a total floor area of 1,290sqm. Fully leased to multiple tenants, the property returns $308,677 + GST p.a., with growth potential from further refurbishment and redevelopment of the existing buildings. Located in the growing Morningside precinct, the property sits within the popular 'Morningside Precinct' Development.
A short drive further south along Morningside Drive is the Westfield St Lukes Shopping Mall and surrounding bulk retail developments, with easy access to Kingsland, Grey Lynn, Ponsonby and Auckland CBD, walking distance from Morningside train station.
A rare opportunity not to be missed - call now.