RARE GREY LYNN LANDMARK
453, & 455 Richmond Road, Grey Lynn, Auckland City
Price On Application
- Proposed Usage
- Floor Area
- 574.00 m²
- Property ID
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453–455 Richmond Road is an iconic corner building located in the heart of the thriving West Lynn village, Grey Lynn, Auckland.
It comprises two separate freehold properties that are available for purchase individually or as one parcel. Together they make up a trophy character asset on a strategic 574m² site, returning a total net annual income of $129,000 + GST.
453 Richmond Road consists of the Amica Boutique retail tenancy, a two-level two bedroom apartment, and rear land. Total net annual income for the property is $67,000 + GST p.a.
455 Richmond Road sits on the corner fronting Richmond Road and Wilton Street. Separated from 453 Richmond Road by way of party wall, the property is fully leased to the Gypsy Tea Room, with the local favourite bar at ground level and associated commercial offices above. Annual net income is $62,000 + GST.
At the rear of the character building lies undeveloped land providing exciting development potential with the zoning permitting retail, commercial and residential activity, to a height of 13m.
As either a combined offering or separately, these adjoining sites present a stunning commercial property opportunity in the tightly-held West Lynn village.
Being offered for sale individually or together with a Deadline Private Treaty closing date of 6 September 2018 (unless sold prior).
All interest parties are invited to contact the sole agents David Burley and Kris Ongley of Colliers International.