Freehold land of 540m² with an existing building of 138m²
Currently tenanted by three businesses, generating $62,000 + GST p.a.
Rents have remained significantly below market rate for years, offering clear upside potential
CV $2,350,000 as 1 May 2024

Both properties are zoned Business – Local Centre, enabling a wide range of commercial and mixed-use development opportunities. Located just a short walk to Meadowbank Shopping Centre, this is a prime opportunity for redevelopment, land banking, or add-value investment.

KEY FEATURES:
Combined Freehold land area of 1,040m² across two titles (more or less)
Established rental income of $62,000 + GST p.a. (from retail/street-front tenants)
Favourable Business – Local Centre zoning for flexible development options
On-site parking available

Opportunities like this are seldom available. The owner has revised his plans and is now offering this exceptional site for sale.