ABSOLUTE WATERFRONT GEM

427, Tamaki Drive, Saint Heliers, Auckland City

By Negotiation

Proposed Usage
Retail
Description:
Property ID
1vr6tzb

Maximise the future potential of this under-developed prime waterfront property, comprising of six single level retail tenancies with uninterrupted sea views on a 911m?? corner site. Originally leasehold tenure, the lessors interest has been purchased and the freehold is now available for the first time. Zoned Business 2, this property currently returns a total net income of $350,684 per annum. This is a highly sought after location by business operators and residential developers. Currently, all tenants have 12-month demolition clauses in their agreements, so as to facilitate total flexibility for future redevelopment.

This is a rare opportunity to secure an amazing prime real estate investment opportunity in a sought-after and upmarket location, where properties are very tighly held. Unlock the huge development opportunity that this gem of a property provides.

KEY FEATURES
• Absolute waterfront property with un-interrupted sea views
• Under-developed 911m?? corner site
• Currently six single level retail tenancies returning a net • income of $308,679 per annum plus GST
• All leases have 12-month demolition clauses
• Unlock the huge redevelopment opportunity of this prime site

Enquire about this property

Saint Heliers Area