0800 BAYLEYS|Jordan.Brown@bayleys.co.nz
The Opportunity 2017-08-09T14:02:33+12:00

THE OPPORTUNITY

Significant attributes of this property include:

  • Substantial 3.2 hectare freehold site with three street entrances
  • Current net income of $1,127,760pa + GST (approximately) from multiple tenancies including Fonterra, BP, VINZ & Rentokil
  • Existing buildings of varying age and condition with a low site coverage and demolition clauses
  • Positioned next to Entrance 5 to Sylvia Park and Sylvia Park Train Station. Close to train, bus and Auckland’s motorway network including the proposed East West Link

Positioned next to Sylvia Park, New Zealand’s largest retail development, this property offers a significant income stream on an underdeveloped site with key transport links nearby. With options to invest with future upside, redevelop the entire site, or simply land bank for the future, this is prime real estate in a tightly held location, offered to the market for the first time since 1993

Every precaution has been taken to establish the accuracy of the material herein. Prospective purchasers should not confine themselves to the contents but make their own enquiries to satisfy themselves on all aspects. All parties are urged to take legal advice before entering into any contract or agreement regarding the property described herein.
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