Prime Commercial Investment with Massive Upside

3047, Great North Road, New Lynn, Waitakere City

By Negotiation

Proposed Usage
Office
Floor Area
1856.60 m²
Land Area
2697.00 m²
Description:
Property ID
1bs3vvv

- Prime town centre site of 2,697sqm (more or less) with dual street frontage
- Adjacent to LynnMall, Countdown and train station
- Zoned Business - Metropolitan Centre Zone AUPOIP
- Substantial 'add value' opportunity. Develop up to 312 apartments*

The property is opposite the LynnMall shopping centre and Countdown and benefits from two street frontages, Great North Road and Delta Avenue to ensure natural light.
Part of the first floor offices (334sqm approximately) are vacant and the vendor will underwrite this area or this may suit an owner occupier.

Fully leased the property will return an excellent income of $489,640.60pa plus GST from
multiple tenants and there is a substantial future 'add value' opportunity afforded to the new owner by developing the site with up to 312 apartments*
*Subject to resource consent.

PROPERTY DETAILS:
Floor Area: 1,856.6sqm (approximately)
Land Area: 2,697sqm (more or less)

TENANCY DETAILS:
Includes Healthpost, RNZSPCA, Idea Services. Full tenancy details are available upon
request.

For sale by way of Tender (unless sold prior) 4pm, Thursday 9th March 2017 , 29 Northcroft Street, Takapuna, Auckland, New Zealand.

Enquire about this property

New Lynn Area