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Bombay

20 Helland Drive, Bombay, Franklin

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20 Bedrooms
8 Bathrooms

Vacant accommodation - training facility


• First time on the market in 27 years and now seriously for sale
• 16-20 bedroom student accommodation, plus a separate manager's cottage
• Situated in a high growth area with major projects under construction
• Set on 2.4ha (more or less) of private park-like grounds in a prime location

Formally an electrical apprentice training centre, this property features modest student accommodation, a spacious dining area, open-plan indoor recreational space and a purpose-built training area, creating a one-stop shop. The fully functional commercial kitchen is ready to cater for large groups of people, all this set on the most picturesque private park-like grounds you will ever see.

This is an exceptional and unique opportunity for owner-occupiers who can utilise the existing infrastructure. Investors can benefit from the government's $1.2 billion investment in roading and rail. Land bankers are finding properties like this, in prime locations, are getting harder and harder to find. For developers, there is possible subdivision and add-value investors can generate substantial income from the property by leasing it out.

With appropriate approvals, this would make an ideal backpacker accommodation, rehab centre, religious centre, rest home and a host of other business and recreational purposes. This property will sell well below replacement cost so don't delay, this is a must-inspect.

For Sale by Negotiation
Tom Davison

Tom Davison

Development and Industrial Sales and Leasing

Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Shane Snijder AREINZ

Shane Snijder AREINZ

Commercial, Industrial and Development Sales

Bayleys Real Estate Ltd, Pukekohe,
Licensed under the REA Act 2008

Features

Potential


Potential income of approximately $200,000-$250,000pa net + GST.

Opportunity


Strategic positioned in the heart of one of New Zealand’s fastest growing economic regions – significant new developments underway from the likes of Kiwi Income Property Trust and others.

Opportunity


Benefits from massive government investment in transport infrastructure to support development of new Drury town: $2.4 billion across roads and rail.

Local amenities


In close vicinity of Drury South Crossing, a 361ha master planned mixed-use development, including large scale industrial and a SHA allowing in excess of 800 new homes.

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