Platinum Partner
Listing Description
Listed: Mon, 23 Oct
MORTGAGEE TENDER
387 Great South Road, Otahuhu, Auckland City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Retail |
| Agency reference | 4010882 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=2149571456&sellerId=0 |
Description
Tender: Closes on Thursday 26 October 2023 at 5:00AM (unless sold prior)
Fantastic value add opportunity.
This property comprises a single Freehold title encompassing 761m² of land zoned Town Centre. According to a valuation, the property boasts a net lettable area of 1,289.6m², is constructed of predominantly concrete block walls, concrete flooring, and steel joinery, and is showing a favourable IEP rating. There is significant potential for huge upside for an investor who can visualise the opportunity for further refurbishment and income growth.
The property is situated in the heart of the Otahuhu retail precinct approximately 200 metres south of the intersection of Atkinson Avenue and Great South Road. Otahuhu Train station is conveniently located within a short walking distance, and access to SH1 Southern Motorway is in close proximity.
Come and see for yourself the opportunity here!