This prime corner site at 535 Mt Albert Road offers potential for development, investment and occupation. Currently housing the Three Kings Family Medical Centre, an established doctors' practice that has been a fixture for over 30 years, the site spans 1,012m² and generates a return of $73,000 per annum plus GST.
The existing one-year lease term provides flexibility for owner-occupiers to plan their move, investors to renegotiate/re-lease, or developers to finalise consenting plans. The existing building includes 4 rooms, a reception area and two bathrooms.
Situated on a prominent corner, the site enjoys excellent visibility and accessibility. Zoned Business-Mixed Use, it allows for a build height of up to 18 metres, allowing for a variety of commercial and residential developments, with an excellent outlook across the Three Kings Reserve and Wahine Toa Park.
The location benefits from its strategic proximity to major arterial routes, high frequency public bus routes, Three Kings School and SH20. The property is centrally located with the Auckland CBD and Airport both less than 15 minutes away.
Whether you're looking to establish a new business or capitalise on development opportunities, this property offers a versatile and strategic location.
The property is being sold by way of negotiation. For more information or to arrange a viewing, please contact us.
Features:
* Corner site of 1,012m² with huge profile to a main arterial
* Excellent location close to motorway
* Holding income of $73,000 p.a. + GST
* One year lease term to established practice allowing for future occupying/development
* Zoned Business Mixed-Use (18 metre build height)
* Functional building on site with ample car parking
