Kumeu, Rodney District, Auckland, 1 Grivelle Street NSC38736

Situated in the heart of Birkenhead\'s commercial centre, 8-10 Birkenhead Avenue comprises of a 960m² (more or less) freehold site with a smart standalone two-level retail/office building. Previously utilised as a BNZ bank branch, the property remains on monthly lease to the BNZ at an annual rental of $141,445.73 p.a. + GST + outgoings. Total floor area of approximately 589.7m², consisting of ground-floor retail and offices, plus first-floor office and amenities. 12 car parks are situated at the rear of the building. Zoned Business - Town Centre the property has massive untapped development potential with a maximum height limit of 27 metres. This elevated site on the ridgeline has frontage to Birkenhead Avenue and development of the site would have outstanding views of Rangitoto Island and Auckland Harbour, with vehicle access to the rear car park from Mokoia Road. Investment Features: - 960m² Freehold site - Total Building area of 589.7m² - Zoned Business Town Centre (27m height) - 12 car parks - Holding income $141,455.73 + GST + Outgoings - Ideal for Add-Value or Owner-Occupier Proposed scheme plans for a 5-7 level mixed-use commercial/residential development are available on request. Calling all investors, owner-occupiers and developers - our overseas vendors want this sold and will meet the market! To download further due diligence file copy and paste the below link: https://www.harcourtsfiles.co.nz/listings/AZRI

On offer is one of Whangarei\'s most prominent corner sites. Two freehold titles make up 110-112 Bank Street. Towering over the roundabout where the arterial routes of Bank and Dent Streets meet, this tidy property offers ample exposure. The main building overlooks Laurie Hall Park, Farmers department store and most of the downtown Whangarei. The direct area includes restaurants, Rabobank, Court House, chartered accountants, and law-firms all within 100 meters. The property boasts a main two story building, a smaller road-front tenancy and 13 much desired off-street carparks. The road-front tenancy has been tenanted by London Barber for over a decade. With a footprint of approx. 261 m2 and a total floor area of approx 490 m2, the main building houses 4 well established tenants leaving no tenancy vacant. The tenants include; The Perpetual Guardian Trust, The Property Group, Arcline Architecture, BECA engineering and The London Barber Shop. With BECA moving to a larger space later this year, a new lease is already in place for AEC NZ leaving no losses for the new owner. All carparks are leased by tenants of the property. The two titles of approx. 405 m2 and approx. 407 m2 each, bring the total land area of the property to 812 m2. The property is constructed from precast panels and steel portal framing. A detailed seismic assessment from March 2020 indicates the property achieves a seismic score of 100% NBS. Secure this solid investment at auction on 9 September at 12.00 (unless sold prior) Are you viewing this on our NAIHarcourts page? Please find the documents available for download below. Not viewing this on NAI Harcourts? Copy and paste the link below into your browser to access the documents at the bottom of our listing page: https://nai.harcourts.net/nz/office/whangarei/listing/wr42553-110-112-bank-street-whangarei-central-northland-0110

1 Grivelle Street presents a rare opportunity to purchase a freestanding industrial facility in the tightly held suburb of Kumeu, west of Auckland. Offering a new ten-year lease to Nook Homes Limited, backed by the developers guarantee for six years, and guaranteed rental growth, 1 Grivelle Street is the type of investment readily sought by seasoned property investors. Construction is expected to be completed in March 2023. The location has a very low vacancy rate and enjoys strong tenant demand. Nearby neighbours include BNT Automotive, JA Russell Auto Electrical, Plumbing World and Akarana Timbers (under construction). Kumeu is an affluent community with a growing population of 3,500 and only 30 minutes\' drive from Auckland CBD. For more information and an appointment to view this property, please contact the agent at NAI Harcourts Cooper & Co today.