PROFILE PARNELL ROAD VILLA

532, Parnell Road, Parnell, Auckland City

Tender

Proposed Usage
Development Site
Floor Area
370.00 m²
Description:
Property ID
1c0jgsn

A rare, freehold, Parnell opportunity with broad appeal - invest, develop, own & occupy, live/work.

• Stylish converted villa
• High profile corner site
• Freehold
• Current net rental income $135,400.00 + GST p.a.
• Land area 658m² (more or less)
• Building area 370m² (more or less)
• 12 car parks
• Double Grammar zone
• Zoned Business - Mixed Use Zone
• Fantastic city fringe position with great profile

Set on a prominent corner site on Parnell Road and Cowie Street, this character commercial villa can't be missed. 532 Parnell Road was originally a residential dwelling constructed in the early 1900's and which was later extended with a two-level addition at the rear in the 1980's. It contains three separate commercial tenancies currently returning $135,400 + GST p.a. Additional improvements include 12 uncovered car parks.

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 boutique property, further enhanced by being positioned in the Double Grammar School Zone.

To be sold individually or in conjunction with 534 and/or 536 Parnell Road.

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