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30 Rosebank Road, Avondale, Auckland City

By Negotiation

571m²

261m²

Developer quits, ultimate split risk investment

Calling all owner occupiers, passive investors and add value investors. This brand-new mixed-use development on the highly desirable Rosebank Road features six tenancies, comprising four two-bedroom residential apartments as well as office and industrial spaces.

With separate titles months away for all six units, the incoming purchaser will have the opportunity to capitalise on the short-term uplift from strata title issue and rental growth opportunities or hold for further future capital gains.

Built and finished to a high standard, this property offers a solid structure and seamless architecture while having the benefit of being centrally located with great amenity including the Avondale train station approx. 300m away.

Our vendors want action, call now to reap the rewards of their hard work.

Features:

* Split-Risk Opportunity - A fully tenanted passive investment offering both Residential and Commercial spaces

* Home & Income Potential - A luxurious live/work opportunity at lease expiry offering panoramic views across the Rosebank Peninsula

* Brand New Building - Modern new building offering, high ceilings, ample natural light and convenience

* Strategic Location - Situated within central Avondale, surrounded by arterials such as Great North Road & New North Road

* Favourable Zoning - Business - Mixed Use Zone allowing for a multitude of permitted uses and commercial diversity in the area

* Freehold Title - 598sqm Net lettable Area on a 261sqm Freehold title. New Zealand’s highest form of land ownership

* Future Options - The property provides plentiful future options with six individual titles due to be issued in September 2024

Additional details

Type

House

Property ID

67029550

Listed on

27/06/2024

Updated

20/08/2024

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Broadband available

Floor area

684m²

Land area

261m²

Unitary Plan

Zone 12 Business - Mixed Use Zone

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Avondale, Auckland City

Avondale is a suburb which lies within the Territorial Authority of Auckland, one of 269 residential suburbs which form the wider region. Avondale is the 18th largest suburb of Auckland in terms of the total number of residential housing stock. Avondale provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1880 - 1889. The majority of the residential housing stock in the locality was constructed between 1960 - 1969. Residential housing stock in Avondale is made up of approximately 95% residential housing and 5% residential investment housing properties.

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