CITY FRINGE RETAIL AND ACCOMMODATION
777-779, New North Road, Mount Albert, Auckland City
- Proposed Usage
- Floor Area
- 183.00 m²
- Property ID
Handy city fringe property located on New North Road, which is one of the main arterial routes between the CBD and West Auckland. The subject property is comprised of three separate freehold titles that are all being sold together.
777 New North Road comprises of a 89m² freehold title that is leased to a laundromat and 2a Wairere Avenue is a 83m² freehold title that has a vacant ground floor shop with separate residential accommodation above that includes a lease with a billboard. Finally, 779 New North Road is a vacant 94m² freehold land parcel.
Overall, these properties have significant add-value and development upside and are located in a rapidly growing city fringe location. Stand-alone commercial investments like this are hard to find so enquire now for more information.
• Three separate freehold titles being sold together
• 266m² of freehold land in Business Neighbourhood Centre Zone
• Favourable earthquake report with costs to bring to 70% NBS
• Multiple Income Streams with potential market income of $79,000 p.a. plus GST (where applicable)