SIGNIFICANT SITE WITH POT OF GOLD

East Coast Rd linkedin Max 1
hires2.21855 847 849EastCoastRd02PS
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hires2.30659 847 849EastCoastRd15PS
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hires2.21948 847 849EastCoastRd05
hires2.19575 847 849EastCoastRd16
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hires2.5624 847 849EastCoastRd17PS
hires2.12738 847 849EastCoastRd12
hires2.15660 847 849EastCoastRd14
hires2.15566 847 849EastCoastRd13
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Current property

SIGNIFICANT SITE WITH POT OF GOLD

847-849 East Coast Road, Northcross, Auckland

Sale

Tender closing 27th June at 4:00pm

Property details

  • Property ID
  • 77858
  • Contract Type
  • Sale
  • Property Type
  • Retail
  • Suburb
  • Albany

About the property

On the market for the first time in over 35 years, this elevated land holding offers exceptional security with a long term lease to Z Energy Ltd. The discerning Deed of Lease provides the future Landlord with an exceptional financial instrument, providing frequent rental reviews which, over time, will continue to give back in more ways than most. 

A closer look at this superb investment reveals a long list of fundamental investment attributes including; both immediate add-value opportunity and long term development potential, favourable zoning, wide frontage and low site-coverage, all while being situated in a high profile location that guarantees the property a trophy position in any investor or developer's portfolio.

The property is located at a key intersection, with significant traffic flows providing a clear advantage to this high performing service station.

Additionally, the property is located with approximately 12 other retail shops on a prime corner, providing multiple access points and a considerable through-flow of vehicles from the shops and service station. This is an opportunity not to be missed.

Without a doubt, one of the most attractive properties to come to market on the North Shore this year.

 

KEY FEATURES:

• Elevated land holding of approximately 2,932m²

• Held in two freehold adjoining Certificates of Title

• Favourable zoning: Business - Local Centre zone

• Lease to Z Energy Ltd for a further 12 years plus 1 ROR, returning $364,894 plus OPEX and GST per annum

 

Please visit www.847-849eastcoastrd.co.nz for more information.

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