Freehold, bite size and add value

44-46, Mayfair Place, Glen Innes, Auckland City

Auction

Proposed Usage
Retail
Description:
Property ID
1c6zphm

• Fee Simple site of 142sqm (more or less) in Glen Innes town centre
• Returning a gross rental of $24,824.24pa plus GST from longstanding tenants
• Within walking distance of Glen Innes Train Station
• Huge opportunity for Add Value Investors/Investors/Owner Occupiers
• Zoned Business Town Centre with ample car parking on doorstep

Constructed circa 1960s, the property comprises of two tenancies with car parking located directly at the front door. An affordable split risk investment, the ground floor has been a gift shop since the late 1990's, and the first floor office space has been tenanted by the Glen Innes Business Association for around 15 years. Current tenants have been in occupation since the early 2000's with each tenancy having floor plate size of just over 100sqm across two levels.
Located in the tightly held precinct of the Glen Innes shopping centre, the property takes advantage of the steady volume of activity from the nearby Glen Innes Train Station and bus station. In close proximity are national brand tenants, Pak n' Save, St Pierre's Sushi, McDonald's and other major outlets which continue to serve the surrounding residential catchment.

For further information, contact the SOLE Agents today

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Janak Darji
021 047 1290
janak.darji@bayleys.co.nz.

Enquire about this property

Glen Innes Area