6 and 10 Mitchelson Street, Ellerslie, Auckland

Immaculate investment with development upside

• Well-presented 2,163sqm (approximately) commercial standalone with A-Grade seismic rating
• Multi-tenanted providing a split-risk income stream from a diverse range of businesses including an onsite cafe
• Attractive city fringe location, convenient to CBD, motorways and amenities
• Fully leased returning $807,743 pa (plus GST)
• Positioned on a 2,267sqm site plus a 1,693sqm (more or less) empty lot on the opposite corner providing excellent parking
• Significant 3,960sqm (more or less) total landholding with it's Mixed Use zoning offering considerable development upside

The three-level standalone at 6 Mitchelson Street has an A-Grade seismic rating and has been thoughtfully refurbished throughout. Comprising 10 professionally presented commercial tenancies, an onsite café, plus a few storage areas, this impressive investment provides a well-diversified income stream from established tenants across a variety of industries.

Located directly across the road, 10 Mitchelson Street provides a further 1,693sqm of Mixed Use zoned land, 3,960sqm (more or less) in total. Currently utilised by the neighbouring commercial tenants for the 52 additional car parks it provides, the true value of this freehold corner site lies in the significant development potential it possesses due to its favourable zoning, permitting commercial or residential developments up to 18m.

With the ability to buy one or both properties, there are attractive options for investors and developers alike. Call now to arrange your inspection.