141-157 Queens Road, Panmure, Auckland

Cash flow with huge development potential

• 2,963sqm freehold site across two titles
• Town Centre Zoning with 27m height limit
• Multiple income streams from four tenancies including government tenant
• Total gross rental $343,000 pa.+GST
• Single level building with floor area 1,464sqm approx.
• Seismic assessment A grade (92% NBS)

This is a unique opportunity to invest in a high-profile investment with a premium location on Queens Road Panmure. The property consists of a large retail complex with a central atrium walkway through to a large car park at the rear of the property.

The key to this investment is provided by the zoning under the Unitary Plan - Business Town Centre, which allows for the development of up to 27 metres in height thus providing a significant opportunity for the development of a multi-level residential and retail complex. Panmure is the gateway to southeast Auckland and to suburbs such as Pakuranga, Howick and Botany. According to Panmure regeneration plan, 7,500 new homes will be built across Tamaki over the next 15-20 years and the population is expected to almost double.