Property listing ID: 897246
Secure a massive commercial footprint in Northwest Auckland. Boasting an incredible gross rental income of over $400k and a rare Auckland Council thermal water permit, this is the ultimate strategic land bank with development upside. • Total Land Size: 1.1440 Hectares (11,440 m²) across 3 separate titles. • Zoning: Business - Neighbourhood Centre Zone (Excellent height limits and mixed-use options). • Gross Income: Over $400,000 per annum from diverse leasing & Rental. • Commercial Tacks: Operational restaurant/bar, wholesale liquor outlet, retail shops, and a dedicated thermal complex. • Residential/Accommodation Tacks: 13 flats, 9 cabins, and 3 caravans generating steady, reliable baseline cash flow. • The Unique Advantage: Valuable Auckland Council thermal water permit included, anchoring the property to Parakai's famous hot mineral spring identity. Perfectly positioned in the heart of the Parakai township, this property is ripe for immediate cash flow collection or future mixed-use retail and residential development.
Listed by Barfoot & Thompson , Eddie Zhao (West Harbour)