371 Dominion Road, Mt Eden, Auckland

NZ Post Portfolio

- High profile freehold standalone City Fringe investment
- Prominently located on a corner site with sought after frontage to Dominion Road
- Fully leased providing a current net cash flow of $138,423 + GST pa
- Additional land for development completes the package

A prime freehold standalone consisting of high profile ground floor retail with offices above. The building has a favourable seismic rating and under-utilised land to the rear provides plenty of development potential.

Undoubtedly, one of the most attractive attributes of the property is its desirable Mount Eden location. It forms part of the popular and vibrant Mount Eden Village and is surrounded by the established residential suburbs of Mt Eden, Sandringham and Balmoral.

The property is fully leased providing a current net return of $138,423 plus GST pa. The Dominion Road PostShop & Kiwibank and a second retail tenant occupy the two ground floor retail tenancies with an office tenant above. The car parking to the rear of the building has been left vacant allowing for redevelopment of this area.

See more at www.nzpostportfolio.co.nz