Mt Eden Investment with Development Upside
587, Mt Eden Road, Mount Eden, Auckland City
- Proposed Usage
- Floor Area
- 516.00 m²
- Land Area
- 1247.00 m²
- Auction Date
- 11:00 - Mar 06, 2019
- Property ID
• High profile Mt Eden character commercial investment property
• Fully leased to four established tenants, returning $149,972 + GST p.a.
• 1,247m2 fee simple land holding in Double Grammar Zone
• Zoned Business - Neighbourhood Centre under Auckland Unitary Plan
• A hands-off trophy investment or future development site - you choose
Sitting proudly in a high profile position on Mount Eden Road, this property offers purchasers the chance to secure a trophy investment in a sought after location, complete with a solid income from multiple established tenants. The property comprises an original character villa which has been refurbished and extended for commercial use, along with generous on grade car parking.
The underlying zoning and double Grammar Zone position, combined with the sought after Mount Eden location will ensure this property continues to flourish, along with offering genuine future development potential.
Motivated Vendors want this sold - call now for further information.