CBD Fringe Investment on 3,067sqm Land
78-96, New North Road, Eden Terrace, Auckland City
- Proposed Usage
- Floor Area
- 3264.20 m²
- Property ID
- Freehold standalone modern commercial investment with development upside
- 3,067sqm corner site zoned Business - Mixed Use
- Fully leased returning $871,490 + GST p.a. (approximately)
- A rare opportunity to secure a large freehold position just minutes from the CBD
- Modern building with A grade seismic rating
This is your opportunity to secure a large freehold investment in a developing and popular CBD Fringe location. The property is fully leased and returning $858,515 + GST p.a. (approximately) and is underpinned by 3,067 square metres of fee simple land on a corner site.
Located a short walk from the CBD and Mt Eden railway station, this fully leased modern investment provides a diversified cashflow, in addition to being well poised for future development into residential apartments. Either land bank for future growth, develop this site intensively or explore adding further buildings to the car park at the rear of the site.