- High profile, freehold corner site
- 12 self contained units plus 5 bedroom managers accommodation
- Rented out through the Ministry of Social Development (MSD)
- Currently returning approx. $700,000 p.a.
- Approx 1,967sqm land zoned Urban for future redevelopment
- Close to all amenities including public transport
- Vendor is moving on and wants this property sold.
CBRE is proud to have been exclusively appointed on behalf of the vendors to offer the market for the sale of this well-located, substantial residential investment property, with future development potential.
Previously used as a popular Auckland motel, the property includes 12 self-contained units plus the manager’s 5-bedroom accommodation and office. The property is now rented out for a short-term stay by a government agency, the Ministry of Social Development (MSD). The property enjoys an annual return of approx. $700,000. Units vary from 1 bedroom to 2 bedroom units
565 Mt Albert Road is a freehold high-profile corner site of approx. 1,967sqm and is zoned Urban. The property has two existing entranceways, one from Mt Albert Road and the other from Hillsborough Road.
The property is well-presented and ready to be sold.
Centrally located, close to train stations, bus routes, main highways leading north and south, shopping centres, and more.
Vendors want to sell this property as they have developments in Auckland they want to move forward with. If you are looking for an investment with a steady income from a government ministry then this is the property for you.
565 Mount Albert Road, Royal Oak is being sold via Price by Negotiation.
To arrange a viewing please contact the sole agents listed below.
