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Exceptional tenant mix and growth potential

227 Apirana Avenue, Glen Innes

Retail Property
gavel

Auction

Floor area
315m2
Land area
1512m2
Title type
Freehold
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Auction

Wednesday
11:00am
Bayleys House, 30 Gaunt Street, Auckland Central
29
Oct

Map

Property details

Listing # 1699931 | Listed on 25 September
  • Profile freehold investment with exceptional WALT of 14 years (approximately)
  • Returning $340,460pa + GST + Opex and anchored by international and local tenants
  • Strategic main road position now home to many national and international brands
  • Strategic 1,512sqm (more or less) landholding with development intensive zoning provides future upside

Positioned in the heart of Glen Innes’ intensifying commercial hub, this fully leased investment combines secure long-term income with future add-value potential. Anchored by global household names Burger King and Starbucks, the property delivers $340,460pa + GST (net) with a WALT of 14 years and built-in growth.

The substantial 1,512sqm freehold site enjoys commanding frontage to one of East Auckland’s busiest arterials, surrounded by major brands capitalising on strong residential growth. With Business – Town Centre zoning and a 32.5m height allowance (subject to Consent), the under-utilised landholding offers exceptional redevelopment potential.

Whether land banking, holding for income, or unlocking future development, this rare offering ticks every box for astute investors. Call us now!

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