• Owners quit well-located freehold site occupying a dominant road-front position - mammoth price drop of $700,000!

• Sought-after Takapuna location, only 10-15-minute drive to Auckland CBD

• Business Mixed Use Zone, a stone's throw to Metropolitan Centre Zone

A well-presented office building of 353.14sqm suited to a wide range of business uses, plus ample carparking. Under-rented and 100% leased, it's returning $101,766.17 + GST. As it stands it provides a ready-made solution for land bankers, future owner-occupiers, investors, and trusts.

Underpinned by a 633sqm (more or less) landholding, the property presents add value investors and developers a wide range of alternative uses and redevelopment possibilities, including the potential to split into mixed use office, retail, plus terrace housing and apartments. The owners have secured resource consent to re-develop the property into a five-storey mixed-use complex.

The property is located within the well-regarded suburb of Takapuna on Auckland's North Shore. Takapuna is zoned for intensification and strong growth. It is currently experiencing quality large scale investment and development from Auckland Council and the private sector.

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