28 Catherine Street, Henderson, Waitakere

Prime development site with holding income

• Approximately 4497sqm of prominent corner site
• Zoned Metropolitan centre
• Standalone building with 100% NBS rating
• Combined short term holding income of $515,445 + GST per annum

The property is well located on a high profile corner of Catherine Street and Pioneer Street. Benefits from wide road frontage and 59 customer car park spaces, two tenancies from this building have good future flexibility and offer generous floor space to possible owner occupiers.

Desirable Metropolitan Centre zoning, allowing for development of up to 72.5m in height, with uses including residential, commercial and retail. This large freehold site offers an excellent canvas for developers looking to maximise value in one of Auckland's fastest-growing urban centres. However this busy town centre location with flexible lease terms provide fantastic opportunity for future developers and investors.

With established rail infrastructure and substantial residential development in the area, Henderson is considered by Auckland Council as a key hub of regeneration.