- For Sale
For SaleDeadline Private Treaty 5th Nov 2021 4pm (Unless sold prior)
This is your opportunity to secure an incredibly scarce 7,550m² site in Allens Road, East Tamaki. In one of the tightest markets we have seen precipitated by the pressures forced upon us by Covid-19, this property creates opportunity for both occupiers and investors looking to secure a significant foothold in one of the most popular and central locations in Auckland. The site is fully fenced providing 115m of road frontage and exposure to more than 16,200 vehicles daily. The 2 driveways provide direct access for parking and to the yard which are easily accessed from the 4 lanes on Allens Road. The property has a total site coverage of only 40% with a very low office/warehouse ratio of only 16%. For the astute investor or developer there is six months of holding income from settlement, providing plenty of time to secure a new long-term tenant - beyond this the property benefits from a multitude of options to add value in the future.
Motorco.co.nz have operated from the site successfully since 2019, they display 110 cars on site and they consistently turnover 75%-80% every month. The site operates as HO to their other two yards, and they receive, store and run compliance and servicing onsite with 10 hoists. There is an opportunity to secure the trading business, if this is of interest please enquire (with or without the properties).
Ref #: 20817224