ADD VALUE ON PROMINENT CORNER SITE
134-136, Onehunga Mall, Onehunga, Auckland City
- Proposed Usage
- Floor Area
- 666.00 m²
- Land Area
- 412.00 m²
- Property ID
Enquire about this property
- 412m² Prime corner site in fast growing Onehunga
- Add-value project with under rented leases and vacancy
- Residential conversion potential on the first floor
- Net holding income of $87,690 per annum
- Strategic location 100 metres from the train station
134-136 Onehunga Mall is on the market for the first time in over 35 years. The high profile add-value opportunity is positioned in the heart of Onehunga, demanding huge exposure on its prominent corner site.
The property comprises of two buildings constructed in different eras, now connected to make one. Five retail tenancies are split over two levels with one vacancy at the rear of the first floor. Neighbouring properties will give you a sense of potential with successful first floor apartments complementing retail stores underneath.
The site is very well positioned sitting less than 130 metres away from the Onehunga Train Station and the popular new Good Home restaurant, plus it's only 3 minutes walk to Dressmart and Countdown. As well as Onehunga Mall being highly active, the large council car park, recreation centre and busy bus station at the rear of the building means pedestrians utilise the surrounding retail all day long.
If you’ve been looking for an add-value project, this is the one you’ll be telling your friends about in 5 years’ time. Time to put in some work and the results will follow.
Because of the location and nature of the property we’re expecting good interest so please get in touch and discover what 134-136 Onehunga Mall has to offer you.
Being offered for sale by way of Auction, taking place on Wednesday 19th September 2018 (unless sold prior).