Well positioned commercial building sitting in a sort after development area of central Avondale with generous Business – Town Centre Zoning. Surrounding this property is a solid mix of residential high density including apartment blocks as well as many retail and office users. Location is key for this property.
Subject property consists of a freehold relatively flat site of approx. 1,698m2 with a long road frontage. Existing building is two levels (circa 1,495m2) with government tenant Ministry of Social Development occupying the ground level plus 16 car parks and paying a rental of $190,839 p.a. New lease for two years plus one ROR of a further one year from September 2026. Overall building has potential to earn an income of circa $336,000 + GST.
Walking distance to train station and other public transport, schools, shopping and all amenities.
Opportunity for either a owner/occupier to purchase and occupy the top floor and enjoy holding income or for a developer to consider for future development and enjoy holding income while you design your next project.
Owners are based overseas and keen to see this property sold.
For sale by deadline sale closing Tuesday 4pm 21 July 2026.
Key Highlights
1,698m² freehold site, Business-Town Centre zoning, central Avondale
Government tenant: $190,839 p.a, total potential ~$336,000 + GST
