Immediate Add Value Investment/Future Development

15 - 19 Silverdale Street, 4 - 8 Agency Lane, Silverdale, Auckland

Investment / Land/Development Site For Sale

For Sale by Deadline Private Treaty closing at 4pm 16 Aug 2017 (Unless sold prior)    Tenanted Investment
Land Area: 4,501.00 m2.    Floor Area: 936.00 m2.    

Description

Strategically positioned in an elevated, tightly held ‘Silverdale Village’ location with over 140 metres of road frontage to both Silverdale Street & Agency Lane, this stunning future development site is one that really does tick all of the boxes.

This rare opportunity will suit active investors given the significant holding income while also offering ‘immediate add value’ potential by developing underutilised parts of the site to higher value uses. Currently there are four buildings on site with a total lettable area of 936m² (approx) combined with 1,908 m² yard areas (approx) over four freehold titles with a total land area of 4,501m² (approx).

Developers will appreciate the current holding income and can secure now to plan for an intensive development in the future. The site is perfectly positioned to benefit from ‘Business Town Centre’ unitary plan zoning which allows for both residential and commercial activities on site by utilising the 18 metre height limit. Silverdale is one of New Zealand’s highest growing regions with significant commercial developments, as well as thousands of new homes newly built & planned in very close proximity.

 Vendor has instructed us to present all offers – for further information or to register your interest, contact either of the sole agents today.

 Shoneet Chand – 021 400 765

Josh Coburn – 021 990 691

Matt Prentice – 021 464 904

Features

  • Substantial holding income + rental upside
  • Spread risk investment from 7 tenants
  • Freehold land area of 4501m² across 4 titles
  • Immediate add value opportunity - 20% site coverage
  • Business Town Centre Unitary Plan zoning
  • Future development site - residential & commercial
  • High growth Auckland location
  • Sole Agency

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