Family heirloom for sale
408-416, Titirangi Road, Titirangi, Waitakere City
- Proposed Usage
- Floor Area
- 905.00 m²
- Land Area
- 8939.00 m²
- Property ID
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The Coleman family have owned this property for 3 generations and have now decided – it must be sold.
This property presents the astute investor with a fantastic opportunity to acquire 5 well established retail tenancies along with a significant land holding in a tightly held affluent area for further development.
This split-risk investment provides a generous holding income of $267,065.30 and new owners will benefit from built in rental growth and future development.
The freehold property is quite possibly the last piece of “local centre” zoned land available in the Titirangi township and this zoning is favourable for commercial and residential development opportunities, giving developers numerous opportunities to add value to this unique property.
Vacancies are extremely rare in the township which would suggest that the prominently positioned corner location would be ideal for development now or land banked for the future.