High Yielding Investment

A/945, New North Road, Mount Albert, Auckland City

$3,975,000

Proposed Usage
Retail
Floor Area
2243.95 m²
Land Area
2921.00 m²
Description:
Property ID
1brk0qp

- Approximate net income $423,470.28pa + GST
- High profile site with long street frontage (approximately 89.85m)
- Diversified income anchored by government tenant
- PAUP Zoning - Town Centre

Rarely does an opportunity present itself to acquire a high yielding asset on one of Aucklands main arterial routes. This imposing high profile property has a diversified income stream across multiple tenancies anchored by a long standing government tenant with upside to be added across the remaining tenancies and underutilised basement carparks.

Adjacent to the Mt Albert train station and zoned "Town Centre" under the PAUP there are numerous future add value and development options to explore for the successful purchaser. In the immediate future the property will provide an income and return that simply cant be replaced elsewhere.

Key features

Estate: Leasehold (final expiry 2105)
Land Area: 2,921sqm (more or less)
Building Area: 2,243.95sqm (more or less)
Car parks: 98


Maybe the best yield in town - call the agents today to discuss this opportunity further!

Enquire about this property

Mount Albert Area