Occupying a prominent corner position at the gateway to Silverdale, this 2,503sqm freehold site presents a rare opportunity to secure a strategic landholding with strong income and obvious development upside.
The property returns $222,000 net per annum from one ground lease until final expiry in 2031. The opportunity then exists to either lease or develop, on one of the highest profile sites in the region. The office pods are not part of this offering, therefore there will be no landlord maintenance required for the entire lease term*.
General Business zoning provides flexibility for future use, while the prominent corner position ensures outstanding exposure within one of Auckland's fastest-growing commercial precincts. Whether you're seeking a pure landbank, or future development play, this is an irreplaceable property that must be seriously considered.
Call either of the sole agents now for further information or to register your interest.
Shoneet Chand 021 400 765 and Matt Prentice 021 464 904
*Note the relocatable office pods currently on site, will be removed at the conclusion of the lease.
Features:
- 2,503sqm freehold corner site
- Returning approximately $222,000 net p.a.
- Ground lease with no landlord maintenance
- 2% fixed annual rental growth
- Final lease expiry in 2031
- General Business zoning
- Suitable for a variety of commercial uses
- Gateway location with exceptional exposure
- Sole Agency - don’t miss out!
More information: https://www.colliers.co.nz/p-NZL67042320
