Property listing ID: 4089413
An outstanding opportunity to secure a high-profile property positioned directly on State Highway 1, just north of Wellsford. With the planned motorway extension set to include a new Te Hana off-ramp, this location will continue to enjoy excellent profile, accessibility, and connectivity. The property offers maximum exposure to passing traffic, strong tenant covenants, and excellent flexibility for a wide range of future uses. Currently multi-tenanted with two well-known national petroleum providers as anchor tenants, it presents both stability and upside. The property generates a net rental income of approximately $140,000 + GST per annum, making it an attractive investment option. Whether you’re an investor seeking strong returns, a developer looking for future potential, or an owner-operator wanting profile and position, this is an opportunity not to be missed. Contact the agents. KEY FEATURES: • Prime State Highway 1 frontage with exceptional exposure • 1,213m² of buildings • Multi-tenanted, including a national gas company as anchor tenant • Net rental yield after expenses approximately $140,000 + GST p.a. • Planned motorway off-ramp at Te Hana to further enhance access and growth • Attractive yield with potential for future upside • Flexible site with existing improvements and scope for a range of uses • Strategic location north of Wellsford, gateway to Northland and Auckland
Listed by Barfoot & Thompson , Bruce Jiao (North Shore Commercial) , David Goodhue (North Shore Commercial)