Freehold.

Land area – 567m2 more or less. Three Freehold titles.

Business Neighbourhood Centre Zone.

Total floor area is approx. 475.35m2.

This property is located on a highly visible and desirable corner. There is excellent road front advertising exposure, which is ideal for the commercial aspect of the property, and ample on-street parking for customers.

There are 5 ground floor premises, a spacious 3-bedroom apartment on a top floor, and 2 garages with the opportunity to park more cars on the driveway.

Each ground floor space is fully self-contained with its own kitchenette, bathroom, power and water check meters.

4 ground floor units are currently leased commercially and 1 is vacant.

The first floor apartment is an ideal rental featuring a large lounge, three bedrooms, full kitchen and bathroom. It has glorious views over the Manukau Harbour to the Bombay Hills and back over the City to the Sky Tower. It also has a spacious decking and courtyard out the back.

This property’s real value is in its development opportunity with its potential to maximize the incredible harbour views.

This could be a mix of shops/offices and residential units as a solid investment or separate titles offered for sale. There are 3 titles in place already which will facilitate the subdivision procedure.

Developers advised this site has potential for 12-14 units (to be confirmed with the Council).

There is excellent natural light throughout the property and it is connected to all necessary services.

Prime location near all amenities and public transport facility.

Currently, this property is under-rented with a total income of $101,000 per year and is projected to generate $125,000 once the last vacancy is filled.

All commercial tenancies pay the Outgoings on a pro-rata basis.

Property is to be sold as is where is.

The vendor might trade down.

Contact us today and we will provide you with all options that meet your search criteria.