Sole Agency. Listing ID to quote: #13467.
Available for sale is this freehold development site in Massey.
The property comprises 430m² of build split across 3 commercial tenants and 1 residential tenant. The land itself totals 2,004m² of Business - Local Centre Zone.
The total return across all tenancies is $99,174.35 per annum.
Commercial tenants return $78,774.35 + OPEX/GST
Residential return $20,400 inc OPEX, no GST.
The site itself is under rented and under utilized compared to the potential. The site itself will suit an experienced Business - Local Centre Zone developer to fully get the most out of the site.
To be sold by deadline private treaty closing Thursday March 19 at 4pm.
Sole agency
The property areas are as follows:
- Development Land 2,004sqm
- Retail 430sqm
Features:
- 430m² build on 2,004m² land
- Split risk 4 tenants returning a total of $99,174.35 per annum
- Barber shop, Thai restaurant, Thai massage and Residential tenant
- Local Centre Zoning
- Under rented add value opportunity - With additional developable land to spare
- Deadline private treaty closing March 19th
Massey blends a strong residential community with growing commercial and light industrial activity. Located 23km west of Auckland’s CBD, it offers practical business spaces alongside expanding local amenities. With easy access to State Highway 16, Massey attracts companies looking for cost-effective premises within a vibrant and evolving suburb.
Please contact Tosh Sharma or Adam Ward to discuss the above property or give us a call and we can talk in more depth about other opportunities within the Auckland Area.
Tosh Sharma
021 054 3649
tosh@commercialrealty.co.nz
Adam Ward
022 166 4941
adam@commercialrealty.co.nz
Or refer to www.commercialrealty.co.nz for a comprehensive range of listings as we don't advertise all our listings on external websites
All prices exclude GST (unless otherwise stated)
