NAI Harcourts JK Realty is pleased to offer this outstanding fee simple investment at 1850-1854 Great North Road & 1854A, Avondale.
Comprising 648sqm (more or less) across two freehold titles with a 291.9sqm building featuring excellent frontage on a busy arterial road, this property is perfectly positioned in a rapidly transforming precinct benefiting from significant private and public investment.
Key Features:
- Multi-tenanted, fee simple investment
- Net rental approx. $107,804.35 + OPEX per annum
- Four tenancies: hospitality and service businesses
- Business - Town Centre zoning with development potential up to 32.5m (Unitary Plan)
- Rent increase due next year for income growth
- Strong arterial exposure and a large residential catchment
Leased to established operators, including hospitality and service businesses, plus a Phantom Billboard generating passive income.
Located in Avondale's vibrant town centre, the site enjoys excellent transport links including Avondale Train Station, multiple bus routes, and direct motorway access. The surrounding catchment includes New Lynn, Blockhouse Bay, Mt Albert, and Waterview.
Retail properties in Avondale are tightly held and highly sought after.
This is a rare opportunity offering secure income now, with strong future development upside.
Buyers and investors - hurry!
Contact Sole Agent:
Tarun Marwah
022 454 7881
tarun.marwah@harcourts.co.nz
