179 and 179A Apirana Avenue, Glen Innes, Auckland

G.I. Gem - Affordable Investment with Potential

- Two freehold commercial investment buildings on individual titles
- 806 sqm fee simple land with Business - Town Centre zoning (32.5 metre height)
- Split risk income from two established tenants returning $71,029 + GST p.a.
- High profile location in established retail and commercial precinct
- Bottom drawer investment opportunity with huge future development potential

This freehold investment provides an affordable opportunity to secure a hands off commercial investment with genuine future development potential. Strategically positioned within a key City Fringe growth location, the property is underpinned by 806 square metres of fee simple land in two titles, directly opposite Pak'nSave Supermarket on Apirana Avenue in Glen Innes. The land is zoned Business - Town Centre which allows for an intensive mixed use development of up to 32.5 metres in height.

The two warehouse style buildings provide a return of $71,029 + GST p.a. from two established and proven tenants, providing a strong diversified cashflow, with potential for future rental growth.

Whether as a passive investment, strategic land bank or future development site, this rare offering is an opportunity not to be missed. Call now for further information.