Listing details

Prime Corner Retail Block with Potential!

Listing number:1688766

573-575 Glenfield Road,  North Shore City


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

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James Chan
09 309 6020
021 934 054
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Agency Details

Bayleys Real Estate Ltd (Licensed: REAA 2008) - Auckland Commercial
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