Mt Eden character on 1,247sqm land in DGZ

587, Mt Eden Road, Mount Eden, Auckland City

Tender

Proposed Usage
Office
Floor Area
516.00 m²
Land Area
1247.00 m²
Description:
Property ID
1c3k14s

- High profile commercial investment property on 1,247sqm freehold land
- Zoned Business - Neighbourhood Centre and in Double Grammar Zone
- Returning $149,972 + GST p.a. from 4 tenancies with fixed rental growth
- Enjoy a diversified income stream with considerable development upside

A rare opportunity to secure a high profile Mt Eden investment property, underpinned by a large freehold land holding in Double Grammar Zone. This original return veranda villa has been refurbished and upgraded and now provides character office accommodation, in addition to a self-contained basement tenancy.

The property occupies a high profile position on Mount Eden Road and is underpinned by a 1,247 square metre fee simple land holding. This sizeable land holding along with the favourable Neighbourhood Centre zoning and Double Grammar Zone position brings a range of future development options. Either maximise the site and add to the existing buildings, land bank for the future or intensively develop the site.

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Mount Eden Area