JOINT SOLE AGENCY - Deadline Private Treaty offers closing 12pm, Wednesday 17th September (unless sold prior)
Colliers, in conjunction with Barfoot and Thompson, are proud to exclusively offer to the market 692 Great South Road in Penrose.
This opportunity presents owner occupiers, add-value investors and developers with the ability to acquire a rare piece of prime land with tonnes of future potential.
The total land area is 918sqm and features low site coverage with the improvements on-site, equating to roughly 25%. Approximately 402sqm across two levels is soon to become vacant and offers affordable and versatile office space with lots natural light on the first floor. Parking at the rear of the site is a huge drawcard offering 25 in total, 13 of which were allocated to office area coming vacant Bruce Lee Sushi occupies 124sqm of the ground floor and produces $46,813 net p.a. of income with the current term running until 8/1/2029. A neighbouring tenant leases 6 carparks which will return an additional $6,240 plus gst pa .
Penrose is an industry powerhouse location with a rich history and this site offers plenty of options. Buy it, partly occupy it - just don't miss out!
The neighbouring property at 690 Great South Road is also for sale. Buy one or both!
Contact the joint sole agent for due diligence information and to arrange an inspection
*To be
Features:
- 527sqm building area
- 918sqm freehold title (light industry zoning)
- Road front position just off the Ellerslie-Panmure on-off ramp
- Occupy, Invest, Reposition
- Partially tenanted returning $53,053 net p.a
More information: https://www.colliers.co.nz/p-NZL67035934
