Listing #:1717589142

Villa Investments on Mixed Use Land

Location: 37 and 39 Spring Street, Freemans Bay, Auckland City, Auckland
Property use: Industrial
Floor area: 284m2
Land area: 490m2
Price: To be sold by tender (closes on 29 Aug)
- Two character villas on freehold mixed use land
- Fully leased to 2 established tenants, returning $81,291 + GST p.a. net.
- Two fee simple titles, totaling 490 square metres
- Strategic and sought after Freemans Bay location, close to CBD and Ponsonby
- Rare opportunity in a tightly held precinct - Buy one or both!

Strategically located in a tightly held pocket of Freemans Bay, these two character investment properties present an opportunity for both passive investors looking for a central city trophy and future owner occupiers and developers, looking to maximise this sought after residential and commercial position.

The properties are each on their own 245 square metres fee simple title, both zoned Business - Mixed Use, allowing for future development of up to four storeys. Both properties are fully leased to established tenants (returning a total of $81,291 + GST p.a.) offering a tidy holding income, while you formulate your plans for this strategic site.

Agency reference #: 1686109
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For sale by tender
37 and 39 Spring Street, Freemans Bay, Auckland City, Auckland
For sale by tender
Listed: Tue 31 Jul, 9:10 am
Damien Bullick
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
  • Contact details
  •  (09) 3758429
  •  (022) 4206845

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Agent's details

Damien Bullick
  •  (09) 3758429
  •  (022) 4206845
Alan Haydock
  •  (09) 3756890
  •  (021) 532121
Bayleys Real Estate Ltd MREINZ, Licensed Agent (REAA 2008)
(0800) 2295397
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