Prime Location in Popular Milford
6 - 8, Milford Road, Milford, North Shore City
- Proposed Usage
- Floor Area
- 390.00 m²
- Auction Date
- 11:00 - Nov 23, 2017
- Property ID
â¢A trophy fee simple corner asset for your mantelpiece.
â¢Net return of $144,488pa + gst.
â¢Business - Town Centre zone.
â¢100% occupancy with eight tenancies.
The asset has rental and development upside being located on the same block as Milford Mall. The Milford residential market has strong demand from home hunters wanting to purchase there with quality of life and proximity to the beach being front of mind.
The zoning allows for 6 - 8 levels with retail, commercial and residential activities allowed. The landmark building has no heritage listing grade and an IEP of 40% which really does lend itself to a future development.
The future value is underpinned by strong residential demand and the local Milford economy. With all that is planned in Milford there is plenty of upside.
Auction (unless sold prior)
11am Thursday 23rd November 2017
Milford Yacht Club - 24 Craig Road, Milford, Auckland