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Newmarket

24 McColl Street, Newmarket, Auckland

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322sqm Land area SQM
469sqm Floor area

Newmarket standalone - occupy or invest


• Prime Newmarket freehold standalone - a proven performer
• Part leased to long standing tenant returning $78,069 p.a. + GST (net)
• 209sqm of versatile space available for immediate occupation
• Intensive zoning provides significant future development upside
• A trophy asset that will appeal to investors and occupiers

This superbly presented character building with an earthquake rating of 70% NBS provides multiple options. Option one, occupy your own standalone building while enjoying the income from the longstanding tenant. Option two, lease it up to provide a split risk investment with significant development upside.

This sought after location is home to a diverse range of businesses including the popular Maison Vauron wine store, L'Atelier du Fromage, Little & Friday and L'Affare cafes. The property is well situated in the 'double grammar' zone with intensive development upside. It is near the Auckland University's Newmarket campus, the Auckland City Hospital, Auckland Domain and provides excellent transport offerings including motorway links and two railway stations nearby.

Opportunities of this calibre and at this price point are scarce, do not miss this one.

For Sale by Negotiation
James Were

James Were

Commercial, Development and Investment Sales

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008
Ben Wallace

Ben Wallace

Commercial Sales and Leasing

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Occupancy


Part leased to long standing tenant returning $78,069 p.a. + GST (net)

Available


209sqm of versatile space available for immediate occupation

Zoning


Intensive zoning provides significant future development upside

Opportunity


A trophy asset that will appeal to investors and occupiers

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