Site has been zoned for a build of up to 27 metres in height
The land and building currently leased to the Salvation Army store and Cash Converters in West Auckland have been put on the market for sale, Bayleys has reported.
The 1,511sq m freehold corner site at 1 Glendale Road, in Glen Eden, West Auckland has been put on the market for sale with a capital value of $3,325.00.
The building is currently being leased to the Salvation Army store and Cash Converters and returns annually $251,224.
The property offers 680sq m of space in a modern building and 33 on-site car parking spaces. Its favourable zoning under the Auckland Unitary Plan, Business - Town Centre, provides potential buyers with future development options - including builds of up to 27 metres in height.
Bayleys sales agent Mike Adams says: “The strong lease covenants and high-profile nature of the location should drive interest from investors.”
“Glen Eden is a fast-growing commercial and retail precinct, offering a wide range of amenities, while the corner of Glendale and West Coast roads is close to multiple public transport options, including Glen Eden Train Station.
“This will be of interest to investors who wish to land bank significant holdings around existing transport infrastructure and transport hubs, which have been identified as ripe for intensification and development.
“The Business - Town Centre zone provides for a wide range of activities, including commercial, leisure, residential, tourist, cultural, community and civic services, and provides a focus for commercial activities and growth,” Adams added.
