20 Mayfair Place offers a rare chance to purchase a single level, add value investment that is providing holding income to a tenant who has occupied the tenancy for a number of years.
The property is strategically located in the main commercial precinct of Glen Innes Town Centre, with the property located off the arterial route of Apirana Avenue which connects the suburbs of Mt. Wellington, Panmure, St Johns and Glendowie. In addition, the site is just a mere minutes’ walk away from Glen Innes Train Station which provides direct access into Auckland CBD.
Glen Innes and its surrounding suburbs have experienced significant growth and gentrification in recent years through several local initiatives such as the AMETI project and Tamaki Regeneration Program, with Glen Innes quickly becoming a major retail destination.
Affordable freehold investments in rejuvenating areas must be considered by add-value investors and owner-occupiers alike.
Features:
- Fee Simple site of 191sqm (more or less) in Glen Innes town centre
- Returning a gross rental of $28,174 pa plus GST
- Within walking distance of Glen Innes Train Station
- Huge opportunity for Add Value Investors/Investors/Owner Occupiers
- Zoned Business Town Centre with ample car parking a stone’s throw away
More information: https://www.colliers.co.nz/p-NZL67015003
