9 Station Road, Otahuhu

price information

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632m² Floor Area

663m² Land Area

BOARDING HOUSE WITH DEVELOPMENT POTENTIAL

A superbly located, two level property built in the mid 1980s comprising a mixture of boarding house on the upper level and commercial space below. The property benefits from close proximity to the CBD and major arterial routes, plus has on-site car parks.

The site is zoned Business - Town Centre and has future development potential with a 27m built height possibility.

The site is held in one Fee Simple (Freehold) title totalling 663m² of land, and includes a two level building with a total gross floor area of approximately 632m² plus 13 car parks.

The building has a commercial tenancy and a boarding house with 20 single/double bedrooms. The boarding house also includes a communal kitchen and common room.

KEY DETAILS:

632m² (approx.) total gross floor area
663m² land area (more or less)
Business - Town Centre zone
Boarding house annual revenue - $190,000 (approx.)
Commercial tenant - $25,000 + GST per annum
$2,675,000 Capital Value (improvements and land) June 2021
The property is to be sold with the boarding house and commercial tenant as a Freehold Going Concern

Rohit Khanna

021 734 514

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