Town centre bargain
6, Port Albert Road, Wellsford, Rodney
Price On Application
- Proposed Usage
- Development Site
- Land Area
- 21813.00 m²
- Property ID
INVITING ALL OFFERS
•Business Town Centre zoning
•Significant freehold site: Measured at 1.38 ha
•Broad commercial utility: large or small format retail potential
•Holding income: returning $161,600 net per annum
This large freehold development site centrally located in Auckland's Northern-most suburb is for sale with an asking price of $4,350,000 + GST.
Comprising 1.38 hectares (more or less), 6 Port Albert Road is a rare opportunity to secure a large land holding in a growth centre.
The property is strategically positioned at the junction of State Highway 1 and 16 and less than 500m from main-street Wellsford. The area is already experiencing aggressive residential development and is poised for considerable population growth.
The site presents a development opportunity with less than 10% of the land area developed. The property has potential for multiple logistics access points, ideal for FMCG loading and suitable for HPV 23m truck and trailer access.
The property includes a month-by-month lease to AB Axis Industries in the existing 1200sqm build returning $131,800 (plus GST and Outgoings) pa and a second tenant, McConnell Dowell, occupying a fenced metal yard area of 3,000sqm with additional income of $29,800 (plus GST and outgoings) pa.