PARNELL PROFILE AND POTENTIAL

532, 534 & 536, Parnell Road, Parnell, Auckland City

Tender

Proposed Usage
Development Site
Description:
Property ID
1c0jgsk

Buy one, buy two or buy all three properties!

This is a rare, freehold, opportunity with broad appeal - develop, invest, own & occupy

• High profile site in Business - Mixed Use zone
• Freehold
• Current net rental income $323,678.00 + GST p.a.
• Total land area 1,932m² (more or less)
• Leuschke Group bulk utilisation concept plans are available
• Double Grammar zone
• Fantastic city fringe position with great profile

Set on a prominent, combined site area of 1,932m² in Parnell is 532, 534 and 536 Parnell Road. Current improvements include three stylish villas originally built as residential dwellings constructed in the early 1900's, all of which have been renovated or extended. Total holding income is $323,678 + GST p.a.

Leuschke Group has completed a bulk utilisation concept showing 5 levels, above ground, mixed use development with a total approximate gross floor area (including decks) of 6,613m². Full details are available on request.

The property enjoys close proximity to the Newmarket, Parnell, CBD and motorway interchanges. Amenities in the local area include an array of cafes, bars, restaurants, the Olympic Pool and Gym, Cinemas, Auckland Domain, War Memorial Museum, and Auckland Hospital. A tightly held area set to see significant benefits from the redevelopment of 277 Broadway, construction of the University of Auckland's Newmarket campus on the 5.2 ha former Lion Brewery site, the new Mercury Energy Building on the corner of Broadway and Alma Street and the redevelopment of the Warehouse site will all be a significant catalyst for further improvement in the area.

The favourable Mixed Use zoning ensures a bright future for this character property, further enhanced by being positioned in the Double Grammar School Zone.

Please contact the Sole Agents Andrew Clark - 021 500 074 or Graeme McHoull - 021 829 004 for more information and viewing times.

Enquire about this property

Parnell Area