Cracker investment on prime site!
• 10-year lease returning $447,642pa + GST and outgoings
• Favourable zoning supporting future redevelopment
• Positioned near LynnMall, major transport hubs and New Lynn's commercial centre
• Established tenant been in occupation since 2005 with no ROR
This is a rare chance to secure a high-quality standalone property on a 2,061sqm (more or less) freehold site in New Lynn, Auckland. The multi-level building enjoys prime road-frontage to Great North Road, with generous rear parking and excellent connectivity to the South-Western Motorway, SH16, and the CBD.
The location offers strong amenity, with LynnMall, Olympic Park, and a range of established retail and commercial occupiers nearby, reinforcing the precinct's long-term growth appeal.
Future upside is underpinned by favourable zoning that provides for a maximum building height of 72.5 metres, enabling potential mixed-use redevelopment incorporating retail, residential and commercial uses. This flexibility ensures the property can evolve with market demand and unlocks significant long-term value.
Standalone investment opportunities of this calibre, with secure income and genuine development potential, are seldom brought to market.
• Favourable zoning supporting future redevelopment
• Positioned near LynnMall, major transport hubs and New Lynn's commercial centre
• Established tenant been in occupation since 2005 with no ROR
This is a rare chance to secure a high-quality standalone property on a 2,061sqm (more or less) freehold site in New Lynn, Auckland. The multi-level building enjoys prime road-frontage to Great North Road, with generous rear parking and excellent connectivity to the South-Western Motorway, SH16, and the CBD.
The location offers strong amenity, with LynnMall, Olympic Park, and a range of established retail and commercial occupiers nearby, reinforcing the precinct's long-term growth appeal.
Future upside is underpinned by favourable zoning that provides for a maximum building height of 72.5 metres, enabling potential mixed-use redevelopment incorporating retail, residential and commercial uses. This flexibility ensures the property can evolve with market demand and unlocks significant long-term value.
Standalone investment opportunities of this calibre, with secure income and genuine development potential, are seldom brought to market.
Key features
Lease
10-year lease returning $447,642pa + GST and outgoings
Location
Positioned near LynnMall, major transport hubs and New Lynn’s commercial centre
Occupancy
Established tenant been in occupation since 2005 with no ROR
