ADD VALUE or REDEVELOP in New Lynn

2 Margan Avenue, New Lynn, Auckland

Investment For Sale

For Sale by Deadline Private Treaty closing at 4pm Wednesday, 28 Aug 2019 (Unless sold prior)    Tenanted Investment
Land Area: 8,157.80 m2.    Floor Areas: 40.00 m2 to 1,288.71 m2.    

Description

Colliers International has been exclusively appointed to market the property at 2 Margan Avenue, New Lynn, Auckland for sale by way of Deadline Private Treaty.

2 Margan Avenue is a suburban Shopping Centre for the rapidly growing New Lynn area. The property has a gross lettable area of approximately 3,556m2 across 8 titles and a total land area of 8,157m2. The centre features 8 units, 65 car parks and 2 income producing billboards. Currently returning $610,562.67. The property is zoned Business - Mixed Use.

The Centre is located in the growing suburb of New Lynn. The property is positioned approximately 1.2km from LynnMall Shopping Centre, and approximately 13km to Auckland’s CBD. The building was originally constructed circa 1989 in a u-shaped design, positioned on the site towards the eastern boundary, with the centre’s carparking placed infront towards the and western boundary of the site. The site is accessed from a main entrance on Margan Avenue. It also has an additional entrance on Margan Avenue providing loading bay type access to the rear of the stores and staff parking.

Offers are to be lodged at the offices of Colliers International, Level 27, 151 Queen Street, Auckland by 4pm on Wednesday 28th August 2019 (unless sold prior).

Features

  • Returning $610,562.67 net pa + GST
  • Total NLA 3,556sqm
  • Approx. 8,157sqm site area
  • Zoned 'Business - Mixed Use'
  • Add value / Land bank
  • Large strategic land holding
  • High profile corner
  • Redevelopment opportunity

Sale Areas

Area Size
Unit A (Part 1) 103sqm
Unit A (Part 1) 375sqm
Unit D & J 1,288.71sqm
Unit I 358sqm
Unit E (Part 1) 40sqm
Unit E (Part 2) 318.49sqm
Unit F 558.74sqm
Unit G & H 513sqm

Map

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