Adjacent to the popular Eastern Beach waterfront with amazing unobstructed panoramic sea views across to Waiheke, Motutapu and Rangitoto Islands, an exceptional opportunity presents itself in one of the Eastern Suburbs most sought after positions.
This property is zoned under the Auckland Unitary Plan and described as Business - Neighbourhood Centre Zone which allows an excellent range of both commercial and/or residential development options.
Architects have identified that up to 957m² coverage is possible.
There is also a concept plan retaining the existing building and developing extra possibilities (please note added drawings).
Currently the site has a lease in place that expires in May 2021 and returns $70,150.00 including GST per annum with all usual outgoings paid by the tenant.
Zoned for the best schools with Bucklands Beach Intermediate and Macleans College just an easy stroll away.
The perfect package for beach lovers, investors, land bankers or home owners - this blue-chip holding, which has a proven high capital gain ratio is assured by the location alone.