Listing details

Prime Corner Retail Block with Potential!

Listing number:1688766

573-575 Glenfield Road,  North Shore City

Tender

About the property

Land Area:  0.28 ha

• 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.

Agent Details

Matt Lee
09 309 6020

View my profile
James Chan
09 309 6020
021 934 054
View my profile

Agency Details

Bayleys Real Estate Ltd (Licensed: REAA 2008) - Auckland Commercial
This listing has been provided by: