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Prized North Shore Investment + Development Upside - #1
Prized North Shore Investment + Development Upside - #2
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For Sale

Negotiation

Perfectly positioned with fantastic profile to the popular Mokoia Road, is this established investment opportunity with immediate development upside which must be seriously considered! 

Adjacent to a busy New World supermarket & BP, the established retail centre is returning approximately $591,178 pa net and features a complimentary tenant mix including Domino’s Pizza, Jett’s Gym, laundromat, sushi shop, Bottle-O liquor store, hairdresser and a café. 

With 1,317sqm of lettable floor area, this opportunity is significantly underpinned by land value given its prime, 3,896sqm Business – Local Centre zoned parcel of land. 

Featuring easy access via a private right of way, a considerable development can be constructed on the approx 1,096sqm development land at the rear of the site to take advantage of the incredible Auckland City & Harbour views, day and night. The intensive Unitary Plan zone allows development up to 18m in height, while incorporating both commercial & residential uses (subject to consent). 

Call the Sole Agents now for more information or to arrange a viewing.  

Shoneet Chand 021 400 765 and Matt Prentice 021 464 904.

Features

Net Income
Returning $591,178 pa net (approx)
Views
Outstanding City Views
Tenant Profile - ASX
7 retail tenants + additional income
Total Area - M
3,896 sqm total land area
Opportunity
Immediate Development Potential