81 Remuera Road, Newmarket, Auckland

Remuera Road Investment + Development Upside

• High profile Remuera Road character commercial investment property
• 567sqm fee simple land holding in Double Grammar Zone
• Zoned Business - Mixed Use with 27 metre height overlay
• Resource Consent in place for 39 unit mixed use development
• A strategic investment or owner occupier opportunity

Sitting proudly in a high profile position at the Newmarket end of Remuera Road, this property offers purchasers the chance to secure a commercial property investment in a sought after location, with genuine future development upside.

The property currently returns $93,355 + GST p.a. and has consistently attracted a range of medical related tenants due to its prime position on Remuera Roads 'Medical Mile' and close proximity to the Broadway shopping and dining precinct. Termination clauses in the leases also provide an opportunity for owner occupiers to secure this prime position for their business.

The Mixed Use zoning and double Grammar Zone position, combined with the resource consent for a 39 unit mixed use development brings genuine development potential either in the immediate or long term.

Call now for further information.