Supply and Demand 101

448 - 450 Mount Eden Road, Mt Eden, Auckland

Description

– Business – Local Centre Zoning.
– 405 square metres (more or less) of land.
– Development potential.
– Affluent surrounding catchment area.

The property consists of two retail premises with a large courtyard/decking area at the rear.

Premise 1
NLA: 60 square metres (more or less).
Net rental: $60,388pa + gst.
It has it’s own toilet and side access.

Premise 2
Internal NLA : 120 square metres (more or less)
Exclusive courtyard NLA: 207 square metres (more or less)
Currently vacant (previous rental of $146,000pa).
It has it’s own toilet, grease trap, extractor fans, dated commercial kitchen and an impressive courtyard decking area. Furthermore it is currently the only vacant retail space in Mt Eden Village.

Not often does a single level retail building come to market in Mt Eden Village with a realistic vendor. Mt Eden has always been tightly held with good reason, the residential catchment area far outweighs the commercial/retail stock. The building is dated and in need of refurbishment but the opportunity to do so will appeal to the right purchaser.

For a genuine add – value investor, this will suit.

Listing Agent

Simon Aldridge
021 774 951
simon.aldridge@blackhaus.co.nz

Contact

Level 4, 8 Commerce Street, Auckland CBD, 1010

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