Prime Corner Retail Block with Potential!

573-575, Glenfield Road, Glenfield, North Shore City

Tender

Proposed Usage
Retail
Floor Area
791.20 m²
Land Area
2861.00 m²
Description:
Property ID
1c6l3y6

• High profile corner retail block - a unique fully-tenanted split risk investment with long term development potential
• 3 titles on a substantial freehold land holding of approx 2,861sqm, a strategic elevated corner site
• Fully tenanted returning net $350,217pa + GST
• Favourable zoning allows for substantial and flexible redevelopment options
• Invest, add value, develop - you choose!

Opportunities such as this seldom come available to the market. Comprising a multi-tenanted property of 11 tenancies, 573-575 Glenfield Road is strategically positioned on a high profile elevated corner site with dual road exposure facing Glenfield Road and Wairau Road.

Take advantage of the property's favourable Business Neighbourhood Centre zoning which provides a range of substantial future possibilities - with a potential multi-level mixed use complex with sea views one of many options to consider (proposed plan available upon request).
With an excellent income stream through a number of tenancies on medium lease terms, this is a perfect opportunity for the incoming owner to take a long term view to reposition the property as a long term investment or investigate long term development options. The substantial land holding provides the ability to consider immediate add value development options to maximise the current site.

A unique opportunity to acquire a well-performing investment with long term development potential; one which will surely represent a future trophy property for years to come.

Enquire about this property

Glenfield Area