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Mt Wellington

34 and 36 Lunn Avenue, Mt Wellington, Auckland

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2,024sqm Land area SQM
188sqm Floor area

Rare development opportunity on Lunn Avenue


• Holding income from two established operators
• Combined 2,024sqm (more or less) land area across two titles
• Desirable General Business Zone allows a variety of options to be explored
• Suitable for developers, future owner-occupiers and add-value investors

Rarely do development opportunities come available in this tightly held precinct. There is huge scope to develop the last remaining site on Lunn Avenue and be amongst some extremely well-recognised national and international brands. The site comprises approximately 2,024sqm of land across two titles with a small 188sqm (more or less) industrial building at 36 Lunn Avenue, located at the rear of the site. For sale with holding income in place, there are a variety of options that can be considered by developers, owner-occupiers and add-value investors.
Situated 3.5km off the Mt Wellington State Highway 1 interchange, 21km from the Auckland International Airport and 10km to the Auckland CBD makes this one of the most desirable commercial and industrial locations.

For further information, please contact:
James Valintine
+64 21 023 71868
james.valintine@bayleys.co.nz

William Gubb
+64 21 145 6811
william.gubb@bayleys.co.nz

Sunil Bhana
+64 21 938 660
sunil.bhana@bayleys.co.nz

Jordan Brown
+64 21 144 9825
jordan.brown@bayleys.co.nz

For Sale by Deadline Private Treaty
(unless sold prior)

2 Harris Road, East Tamaki

21
Sep

Time4pm
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James Valintine

James Valintine


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
William Gubb

William Gubb


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008
Sunil Bhana

Sunil Bhana


Bayleys Real Estate Ltd, South Auckland,
Licensed under the REA Act 2008

Features

Location


Conveniently located close to State Highway 1 and with good access to public transport networks and a wide range of amenities

Opportunity


One of the few remaining development sites in the vicinity

Passing income


Leased to multiple tenants returning $169,310.44 net p.a. + GST

Zoning


Zoned General Business, there are a variety of potential development opportunities