136 Karangahape Road, Auckland Central, Auckland

Multi-tenanted and Mixed Use K'Road Investment

- Multi-tenanted freehold standalone investment opportunity-
- Massive profile to busy K'Rd near its Queen Street intersection
- Fully leased with long-standing tenants and returning $204,350 + GST pa
- Under-developed site with flexible zoning and dual street frontages
- Invest now and explore all add value potential - call now!

This prime standalone features a profile ground floor retail tenancy to vibrant K'Rd with offices above and warehousing to its second frontage at Cross Street. First built in the 1930's, it has been structurally strengthened through its lifetime.

The Rock Shop, an iconic K'Rd tenant, occupies the ground floor retail which has previously housed other well known retailers including India Emporium, TAB, Hallensteins and Whitcoulls. The upstairs tenant has been in occupation since the 1990's. At Cross Street is a short term warehouse tenancy creating the opportunity to create a higher value space once it becomes available.

Enjoy the income now while you consider the future development potential of this underdeveloped dual street frontage site. The flexible zoning permits wide range of uses including residential with a maximum height allowance of 35 metres.