Premium Add-value Opportunity
323, Great South Road, Ellerslie, Auckland City
Price On Application
- Proposed Usage
- Floor Area
- 3434.00 m²
- Land Area
- 4129.00 m²
- Property ID
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This is an outstanding opportunity to acquire a high profile property in a superb location with significant long term add value potential.
At 4,129sqm, 323 Great South Road offers investors, and owner-occupiers a strategic land holding being close to State Highway 1, main arterial routes, Ellerslie Train Station and an abundance of local amenity.
Situated in the heart of the Southern Corridor, 323 Great South Road benefits from excellent exposure from a high volume of passing traffic.
Newmarket to the north is undergoing significant growth whilst the immediate locations of Greenlane, Ellerslie and Remuera continue to flourish. The property is anchored by Fletcher Building Limited, one of the largest listed companies in New Zealand, with a market capitalisation of over NZ$5 billion. Fletcher Building are the market leaders in manufacturing and distributing building and construction products and services. Fletcher Building is made up of over 20,000 employees, over 34 businesses and hundreds of brands, operating in more than 40 countries.
The passing net income is $512,540 pa + GST. The potential market rental is approximately $868,540 pa + GST.
The building has a seismic rating of 67 percent of the new building standard.
The property’s proposed zoning under the Auckland unitary plan is Business – Mixed-Use, providing buyers greater flexibility and the potential for future redevelopment.