– Fee Simple corner site of 392 square metres.
– Business â€“ Town Centre Zoning.
– IEP of 55%.
– Highly motivated vendor.
– Three (3) car parks.
The vendor is keen to move on and pursue other opportunities, presenting the opportunity for any forward-thinking party to secure this strategic holding in one of Aucklandâ€™s key growth townships. The future owner will be able to see where Otahuhu will be in three to five years and move quickly to secure this ex-BNZ premise.
The two-level building is split between the very tidy ground floor retail premise and the first floor commercial/potential accommodation, both consisting of approximately 310 square metres each. Potential tenants for the property could be a cafÃ© (of which Otahuhu is lacking in), restaurant, or retail on the ground floor and accommodation or local business on the first floor.
Otahuhu has been subject to major infrastructure upgrades such as the $28 million upgrade of the train and bus terminal as of October 2016. Being located in the geographical centre of Auckland provides future growth opportunities for the area as experienced in areas such as Onehunga and Sylvia Park.
If your horizon is 3 â€“ 5 years, then this is for you.