INVEST, OCCUPY OR DEVELOP
74, Jervois Road, Ponsonby, Auckland City
- Proposed Usage
- Property ID
For sale asking $2,295,000 including gst.
Rare to the market, this standalone freehold Ponsonby property is fully occupied to multiple residential tenants returning $95,680 gross per annum. Flexible terms offers options for owner-occupiers, add value investors and developers alike.
The property features car parking in the front and is situated less than 300 metres from Ponsonby Road, College Hill and St Marys Road intersection.
The 407m² fee simple site zoned Business Mixed Use with approximately 14 metres of frontage to Jervois Rd. Investigate the development upside with detailed concept plans designed by Paul Brown Architects or explore the add-value upside converting this character bungalow into contemporary commercial offices, shops or hospitality.
Key features of the property are:
• 407m² fee simple site
• Broad frontage of approximately 14 metres to Jervois Road
• Business - Mixed Use zone
• Fully occupied returning $95,680 gross per annum
• Flexible lease terms
It is now the opportunity for an investor, occupier or developer to take advantage of this well positioned property.