• 225sqm (more or less) freehold corner site
• Two-level standalone building with car parking and potential for upside
• Favourable Business – City Centre (15m) zoning
• Short-term tenancies in place provide holding income/cashflow
• Options for owner-occupiers, add-value investors and developers
Available to the market for sale for the first time in over 20 years, this freehold corner site located on the CBD fringe is an exceptional add-value opportunity for a range of purchasers with holding income in place.
The 225sqm (more or less) site is zoned Business – City Centre providing a variety of redevelopment and use possibilities including residential and commercial. Positioned on the corner of Edinburgh Street and Ophir Street and offering proximity to Ponsonby and Karangahape Road, the building has multiple frontages overlooking Newton Gully enhancing this property's future potential.
The standalone building was refurbished circa 2001 and is set over two levels comprising a multi-functional warehouse with roller door access on the ground level while level one is currently utilised as residential/office space on and under- croft car parking is accessed from Edinburgh Street.
This strategic landholding provides maximum flexibility for owner occupiers, add-value investors and developers in a centrally located suburb going through gentrification
The property is being sold by tender closing at 4 pm, Thursday 19th September 2024 ( unless sold prior ). Please contact the sole appointed agents now for further details including the comprehensive information memorandum, due diligence files and viewing arrangements (which are strictly by appointment).
Jean-Paul Smit 021 0216 1616
[email protected]
Mike Adams 021977527
[email protected]
