LOW-RISK GROUND LESSOR'S INTEREST

348-364, St Heliers Bay Road, Saint Heliers, Auckland City

Price On Application

Proposed Usage
Office
Floor Area
1.00 m²
Land Area
1501.00 m²
Description:
Property ID
1c6tlph



Colliers International has been exclusively appointed to market the Lessor’s interest in the property for sale by Deadline Private Treaty closing 4pm, Wednesday 16th October 2019 (unless sold prior).

348-364 St Heliers Bay Road is a prime fee simple site, subject to a 21 year perpetually renewable ground lease to Mobil Oil NZ Ltd.

The 1,501sqm site is of a generally rectangular shape comprising five adjoining lots under one title. It has frontage to St Heliers Bay Road of circa 37 metres and a depth of circa 41 metres with a gentle sloping contour falling from the north west to the south east.

The ground lessee occupies the on-grade, road front portion of the site; improvements owned by the lessee, include an extensive canopy and recently refurbished Mobil Mart-store. The sub-licensee occupies the rear of the site; improvements comprise an automotive repair workshop and car park.

St Heliers is regarded as one of Auckland’s prime suburbs. Situated 10km East of the CBD, the area has a great range of amenities, in the immediate area as well as through neighbouring suburbs. Day-to-day necessities, specialty stores, designer fashion, cafés and restaurants are all easily accessible.

The Business – Neighbourhood Centre Zone applies to single corner stores or small shopping strips located in residential neighbourhoods. They provide residents and passers-by with frequent retail and commercial service needs. Provisions typically enable buildings of up to three storeys high and residential use at upper floors is permitted.  Development is expected to be in keeping with the surrounding residential environment. 

All enquiries, requests for information and arrangements to undertake inspections are to be directed to the exclusive agents.

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Saint Heliers Area