This Ponsonby gem provides exceptional road front advertising exposure on the tightly held Ponsonby Road with the benefits of on-street parking for customers. The real bonus of the property is the future upside of the property with its potential to unlock and optimise its unparalleled locality and central Auckland connectivity. The property itself has excellent all round natural light and is connected to all the boutique and hip restaurants and retail offering in Three Lamps. Accessibility to neighbouring commercial and affluent residential catchment further intensify its appeal.

This property sits on a 366sqm of land consisting of three retail tenancy providing a total return of $159,645p.a. +GST. The perfect passive investment opportunity in a sought-after location providing good holding income. The chance to position and grow your business for any future owner occupier. Call now! The Ponsonby location is hard to beat with everything here at your fingertips. Don't miss out!

For sale by Auction on 11am Wednesday 24 August 2022, (unless sold prior). Full tenancy detail upon request.

Feature:

• 366sqm (more or less) of freehold land

• Three tenancies returning a holding income of $159,645p.a. + GST

• C grade seismic rating

• Tightly held and strategic location in Ponsonby

• Fantastic amenities all within walking distance

• Unrivalled connectivity to Auckland CBD and Central Auckland

• Affluent and desirable commercial and residential catchment

• Flexible Business - Town Centre Zoning

Trustees sell down portfolio also includes properties in the below:-

Tenanted Commercial Properties

• 12/100 Don Mckinnon Drive, Albany (bayleys.co.nz/1694523)

• 3/8 Link Drive, Wairau Valley (bayleys.co.nz/1694526)

• Unit V, 86 Bush Road, Albany (bayleys.co.nz/1694527)

• Unit 7, 21 Corinthian Drive, Albany (bayleys.co.nz/1694530)

Development Site

• 23 Gavin Street Ellerslie (bayleys.co.nz/1694524)

Residential Investment

• 217A Penrose Rd, Mt Wellington (bayleys.co.nz/1694525)