1A-C St Johns Road, Auckland, New Zealand being shown by Barfoot & Thompson with MLS # 916447

Freehold land of 540m² with an existing building of 138m² Currently tenanted by three businesses, generating $62,000 + GST p.a. Rents have remained significantly below market rate for years, offering clear upside potential CV $2,350,000 as 1 May 2024 Both properties are zoned Business – Local Centre, enabling a wide range of commercial and mixed-use development opportunities. Located just a short walk to Meadowbank Shopping Centre, this is a prime opportunity for redevelopment, land banking, or add-value investment. KEY FEATURES: Combined Freehold land area of 1,040m² across two titles (more or less) Established rental income of $62,000 + GST p.a. (from retail/street-front tenants) Favourable Business – Local Centre zoning for flexible development options On-site parking available Opportunities like this are seldom available. The owner has revised his plans and is now offering this exceptional site for sale.

Amenities

Bedrooms: 1
Full Bathrooms: 1
Partial Bathrooms: 0
Property Type: Residential
Home size: 0 ft² / 0 m²
MLS: 916447
Status: Active

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