9 St Jude Street, Avondale, Auckland

Multi-tenanted, add value, development upside

•Fully leased, freehold property, returning $102,487 + GST pa net
•Two separate buildings circa 1965 comprising 604sqm
•Large premium land holding of 1,104sqm zoned Business Mixed Use
•Prime position in the heart of Avondale
•Under utilised site with future development potential

A rare opportunity to secure a freehold standalone investment opportunity in the heart of Avondale. The property is fully leased returning a net income of $102,487 + GST pa, with flexible lease terms.
Comprising two well-presented 1960s commercial buildings including a mix of retail, office and warehouse, all on a large land holding of 1,104sqm.
This versatile property is in a great location, provides immediate add value opportunity with future development potential.
Business Mixed Use zone allows for a wide range of uses and a height limit of 21m (subject to consent).

All astute investors, add value buyers and developers must inspect.

Auction (unless sold prior)
11am, Wednesday 10th April 2019
Bayleys House, 30 Gaunt Street
Auckland, New Zealand