11 Mcdonald Street, Morningside, Auckland

A Substantial Opportunity + Significant Potential

- Substantial freehold site of 10,640 square metres (more or less)
- Business - Mixed Use zoning provides significant re-development potential
- Current income of $1.1 million + GST pa guaranteed until March 2019 and underpinned by New Zealand Post as anchor tenant
- Major growth location just 5.5 km from Auckland's CBD and supported by
strong transport links

This is your opportunity to secure a slice of what is poised to be a major City Fringe growth location. Re-zoning into Business - Mixed Use will see it transform from light industrial uses into a vibrant commercial and residential hub.

This significant freehold site is one of the largest in this location and offers enormous re-development potential. In the interim, an established cash flow is in place with a number of leases having provisions that provide continued rental growth. There is also potential to re-position industrial spaces into higher valued commercial uses.

In summary, this is a unique opportunity to secure a significant City Fringe landholding which offers a range of value enhancement angles. Developers, investors, add value investors and landbankers should not miss this opportunity.

See more at www.11mcdonaldstreet.co.nz