Motivated Vendor - Tenanted Commercial Opportunity With Development Potential
Located at 1095 New North Road, Mt Albert, this tenanted commercial property comes with varying options.
Either keep as is or demolish and build up to 3 levels of residential apartments.
- Income from current lease approximately $20,800 per year (GST exclusive)
- Tenant on periodic tenancy. Only 1/3 of building rented out.
- Zoned for commercial and residential, 5 levels permitted (16 metre height limit)
- Detached from adjacent block of shops giving freedom to develop
Vendor had plans to develop but has since decided to relocate to Australia.
For more information please contact Al on 021 114 0904.