PROFILE PARNELL ROAD VILLA

534, Parnell Road, Parnell, Auckland City

Tender

Proposed Usage
Development Site
Floor Area
130.00 m²
Description:
Property ID
1c0qcgp

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

• Stylish converted villa
• Freehold
• Current net rental income $83,000.00 + GST p.a.
• Land area 637m² (more or less)
• Building area 130m² (more or less)
• 8-10 car parks
• Double Grammar zone
• Zoned Business - Mixed Use Zone
• Fantastic city fringe position with great profile

Set prominently on Parnell Road, this character commercial villa can't be missed. 534 Parnell Road was originally a residential dwelling constructed in the early 1900's. It is currently leased to Parnell Vets and is returning $83,000 + GST p.a. Additional improvements include an outside storage shed and 8-10 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 532 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