565 Mount Albert Road, Royal Oak, Auckland City, Auckland

This exceptional 1,967m² freehold corner site at 565 Mount Albert Road, located on the doorsteps of Royal Oak and Three Kings, offers a rare opportunity for add-value investors, occupiers, and developers. Buyer's choice; with the possibility of vacant possession or leaseback, the 12-room motel is ready for immediate use, as a passive investment or redevelopment, opening the door to various future possibilities with an immediate strong holding income.   The property is centrally located between Auckland CBD and Auckland Airport, with easy access to State Highway 20, Mount Albert Road, and Mount Eden Road. Situated on a generous corner site, it offers excellent visibility and exposure, making it a prime candidate for redevelopment. The existing 631m² building includes 12 self-contained units and a manager’s residence, providing flexibility for the incoming purchaser.   Located in the vibrant Royal Oak suburb, the property is surrounded by a mix of residential, commercial, and recreational amenities, such as Royal Oak Mall, Three Kings Mall, and the scenic One Tree Hill Domain and Cornwall Park. Zoned Residential - Mixed Urban, it offers significant potential for commercial, residential, or mixed-use development in an area experiencing growth   With strong income potential and future growth prospects, this property offers a prime investment opportunity in one of Auckland’s most sought-after locations.   To be sold via Deadline Private Treaty, closing Wednesday 19th March 2025, 4pm (unless sold prior).   Don’t Miss Out – Enquire Today! Contact us now to arrange a private viewing or to discuss the endless possibilities this property holds! Secure your future in this highly desirable location.

Features:

• 1,967m² Freehold Corner Site
• Strong Income Potential
• Residential - Mixed Housing Urban Zone
• 631m² Building With 12 Self-Contained Units
• Central Location Midway Between the City and the Airport

More information: https://www.colliers.co.nz/p-NZL67032828