JLL agents are thrilled to bring to market a significant landholding in a prestigious Auckland city-fringe suburb.
8 Lion Place, Epsom, is a substantial freehold site with opportunities for future development or investment.
Boasting an ideal central location, lucrative holding income, and situated in a desirable school zone, this property will attract the attention of discerning investors and developers.
8 Lion Place sits on an elevated 4,726 square metre north facing site, creating an unprecedented opportunity in close distance to an array of amenities.
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With a net lettable area of approximately 2,445 square metres and 60 car parking spaces, there is ample space for commercial activities, and further development opportunities for investors with an eye to the future.
8 Lion Place, Epsom is now available for sale via Deadline Private Treaty, closing 4pm on Thursday 22nd August 2024, unless sold prior.
JLL Head of Metropolitan Sales and Investments, Jonathan Lynch, points to nearby amenities, access to transport networks, and Epsom’s inherent prestige as significant drawcards to the property.
“8 Lion Place benefits from its proximity to shopping centres, recreational facilities, and beautiful parks, among other prestigious properties and some of the most sought-after schools in Auckland,” says Lynch.
“Epsom is an attractive destination for families seeking quality education and a comfortable lifestyle.
"The property's Metropolitan zoning presents a range of flexible development options, with a height limit of 27 metres.
"Investors and developers looking to capitalise on the ever-growing demand for commercial and residential spaces will recognise the appeal of this offering.”
Substantial holding income from established tenants allows the new owners of this property to strategise on the most effective next steps, according to Metropolitan Sales and Investments Broker, Kevin Reardon.
“One of the standout features of this property is its substantial holding income, generating approximately $700,000 gross annually from three tenants – fashion retailers Flo & Frankie and Trelise Cooper, and advisory firm Morrison Low,” says Reardon.
“This reliable income stream offers investors a low-risk entry into a lucrative market, while providing flexibility for future development plans.”
- Supplied by JLL
