75-77 Wakefield Street & 44 Airedale Street, Auckland Central.
Outstanding opportunity to secure this well located 453m² site in the heart of the education precinct, with resource consent granted for a 16 level accommodation building on the vacant rear carpark site.
The property comprises two titles providing dual street access with the existing building on Wakefield Street used for short stay accommodation, capable of generating $175,000 per annum gross. The rear carpark is currently rented on a month to month basis for $28,500 gross per annum.
This could generate holding income of circa $200,000 gross per annum, providing options for developers and land bankers.
Seismic and geotech reports available on request.
KEY FEATURES: • 453m² Fee Simple site • Dual street frontage • High density zoning with a 50 metre height limit • Resource consent granted for a 16 level accommodation building • Holding income possible of $200,000 gross • Motivated vendor wants to move on • Call now for more details