Listing #:1249081159

Prime Commercial Investment with Massive Upside

Media:
Location: 3047 Great North Road, New Lynn, Waitakere City, Auckland
Property use: Office
Floor area: 1,856m2
Land area: 2697m2
Price: Price by negotiatio­n
- Prime town centre site of 2,697sqm (more or less) with dual street frontage
- Adjacent to LynnMall, Countdown and train station
- Zoned Business - Metropolitan Centre Zone AUPOIP
- Substantial 'add value' opportunity. Develop up to 312 apartments*

The property is opposite the LynnMall shopping centre and Countdown and benefits from two street frontages, Great North Road and Delta Avenue to ensure natural light.
Part of the first floor offices (334sqm approximately) are vacant and the vendor will underwrite this area or this may suit an owner occupier.

Fully leased the property will return an excellent income of $489,640.60pa plus GST from
multiple tenants and there is a substantial future 'add value' opportunity afforded to the new owner by developing the site with up to 312 apartments*
*Subject to resource consent.

PROPERTY DETAILS:
Floor Area: 1,856.6sqm (approximately)
Land Area: 2,697sqm (more or less)

TENANCY DETAILS:
Includes Healthpost, RNZSPCA, Idea Services. Full tenancy details are available upon
request.

For sale by way of Tender (unless sold prior) 4pm, Thursday 9th March 2017 , 29 Northcroft Street, Takapuna, Auckland, New Zealand.

Agency reference #: 1500703
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Price by negotiation
3047 Great North Road, New Lynn, Waitakere City, Auckland
Price by negotiation
Listed: Wed 25 Jan, 3:10 pm
Damian Stephen
Bayleys North Shore Commercial - Devereux Howe-Smith Realty Limited, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 4890810
  •  (021) 808092

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Agent's details

Damian Stephen
  •  (09) 4890810
  •  (021) 808092
James Chan
  •  (09) 3758458
  •  (021) 934054
Bayleys North Shore Commercial - Devereux Howe-Smith Realty Limited, Licensed Agent (REAA 2008)
(09) 4890999
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Expires: Thu 22 Nov, 9:15 am
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