Unique Add Value Opportunity

47, Nile Road, Milford, North Shore City

Auction

Proposed Usage
Retail
Description:
Property ID
1btcdyb

- Full occupancy - two retail shops and residential accommodation
- Freehold site of approx. 688sqm
- Total net rental $56,200pa + GST and outgoings
- Potential future development in popular location
- Motivated vendor retires
- Seismic grade "B"

The property is well positioned within the popular suburb of Milford North Shore. The front portion of the building comprises two retail tenancies a Thai Takeaway and long established Superette with a three bedroom residential accommodation adjoined to the rear of the building.

An excellent opportunity for an investor entering the commercial market for the first time or investor looking to add to their existing portfolio or a developer looking for a new project in the future.
The zone is Neighbourhood Centre Zone which allows up to a three storey development under the Auckland Unitary Plan.

The vendor has owned the property for fifteen years and is now motivated to sell it on.
Call now the sole marketing agents for further information.
We have open home on Saturday (2pm - 3pm).

For Sale by Auction (unless sold prior)
11am, Wednesday 28th June 2017
Bayleys House, 30 Gaunt Street, Auckland CBD

Enquire about this property

Milford Area