128 Main Highway, Ellerslie, Auckland

First-time on the market in over 50 years!

Key features:
• Prime location in the highly-desired Ellerslie shopping centre area, offering easy access to key amenities, transport networks and major arterials
• Zoning allows for diverse mixed use and future development potential
• Net income (approximately) of $104,350pa + GST
• Seismic rating of Grade-A (95% NBS Rating)
• Split-risk investment currently understood as under-rented, allowing for immediate improved income potential
• Tenancies have seperate power and water meters, with rates and insurance divided equally among the four tenants

The property is located in this tightly held commercial and retail locality of Ellerslie, surrounded by an abundance of amenities with an attractive road frontage to Main Highway.

Benefits include direct access and close proximity to major arterial roads, the Ellerslie train station, Ellerslie Panmure Highway, and State Highway 1. The address places it within a Business Town Centre zone, which allows for high flexibility in property use, as well as future development potential encompassing residential integration, intensification and mixed usage.

A truly unique opportunity, currently leased to four longstanding tenants, the new owners may look to enhance value through potential rental uplift or future redevelopment.

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Tim Bull
021 127 1831
tim.bull@bayleys.co.nz