Property listing ID: 80639
Here is an opportunity to purchase a prominent investment in a desirable tightly held suburb, about 1.5km from the Mt Albert shops. The freehold 501m² site sits prominently on the corner of the ever busy Mt Albert Road and Owairaka Avenue intersection. The favourable Business Neighbourhood Centre zoning allows for mixed development to 13 metres. The building, completed in the 1920's, is of brick construction with long run iron roofing. The retail spaces have prominent exposure to Mt Albert Road, with vehicle access and garaging along Owairaka Avenue, with one tenancy having further space in an upper level. The long three tenancies return $48,936 per annum. Improvable freehold offerings in high profile positions in the city fringe are rare, contact now for details.
Listed by Barfoot & Thompson , Cam Paterson (City Commercial)