Income + Development Land - Onehunga
80, Onehunga Mall and 1A O'Rorke Street, Onehunga, Auckland City
Price On Application
- Proposed Usage
- Floor Area
- 776.00 m²
- Land Area
- 1846.00 m²
- Property ID
Enquire about this property
80 Onehunga Mall and 1A O’Rorke Street presents an opportunity to acquire a property with multiple angles in a high growth location. The three level building at 80 Onehunga Mall hosts two tenants, Kete Aronui, a creative arts hub who occupies the first and lower floor whilst a Church, Grace to Excel NZ, tenants the ground floor. Both tenants share a valuable large rear car park on the 1A O’Rorke Street title that lends itself to future development.
The 1,846m² total land holding is split between two titles with the street front 80 Onehunga Mall address being 490m² and the rear 1A O’Rorke Street title being 1,356m². The land is zoned Mixed Use that provides a wide array of options. The 1960’s building of approximately 776m² is constructed of concrete block and has a favourable earthquake rating. The two tenants return a total of $110,000p.a. + GST.
There is plans in place for a proposed development at the rear that provides purchasers with a clear idea of the lands potential. This is an opportunity to own a property with solid income whilst you plan for a strategic development in a low vacancy area or add-value through the under-utilised rear land holding in the short term.
Colliers International is exclusively offering this property for sale by Deadline Private Treaty closing at 4pm on Wednesday the 25th September 2019 (unless sold prior). For further information or to arrange an inspection (strictly by appointment only) do not hesitate to contact either of the sole agents below.