Affordable Development Opportunity in Newmarket

407, Broadway, Newmarket, Auckland City

Auction

Proposed Usage
Development Site
Description:
Property ID
1c048xh

Offered to the market is an excellent purchasing opportunity in Newmarket. Comprising a land area approx. 357sqm, the site - zoned Business Mixed Use, offers the incoming owner a variety of development options in a strategic location with double Grammar zoning.

The property is enjoying holding income tenanted by Andrew Simms, a well-established motor dealerships with a strong presence throughout Auckland, and is the largest volume dealer in New Zealand for all of the 8 vehicle brands sold by company - Mitsubishi, Kia, Chryler, Jeep, Dodge, Fiat, Great Wall Utes and Chery.

407 Broadway is a high profile site which borders the corner of Broadway and Edgerley Ave, and receives massive wide main road exposure to passing traffic. Located 100 to 150 metres from the property is the Farmers site and existing 277 Westfield -key locations for the planned major expansion of the 277 Westfield mega mall.

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Newmarket Area