562-562A Richmond Road, Grey Lynn, Auckland

Grey Lynn 4,501sqm Mixed Use Land Holding

- Two buildings on a 4,501sqm freehold land site
- Strategically positioned in Grey Lynn, one of Auckland's most sought after inner city suburbs
- Income from multiple tenancies of $565,000 + GST p.a. with further rental growth
- Hold now, develop later!

Positioned in the heart of Grey Lynn, one of Auckland's most sought-after inner city suburbs, this 4,501sqm fee simple, mixed-use zoned property offers a strategic opportunity to acquire a large scale long term development site with a significant and diversified income of approximately $565,000 + GST p.a. Ongoing rent reviews offer increased rental income.

562-562A Richmond Road is located close to all local amenities, with the nearby Grey Lynn and West Lynn shops and multiple Countdown supermarkets a short walk away. The property has previously held an approved resource consent for a seven level, 69 apartment and 138 car park development.

Enjoy the cash flow which this strategic land position offers, whilst planning your development strategy. Call now for a full information pack.