The prime commercial land for sale next to the AUT in central Auckland, 16-story apartment building can be built GOLDEN DEVELOPMENT SITE
75-77 Wakefield Street and 44 Airedale Street, Central Auckland.
Well located large area of 453 square meters in the center of the university district and has resources to build a 16-story building on a vacant parking lot.
This property is a corner site. The existing buildings on Wakefield Street can be used to provide double street access. It was previously used for short-term accommodation and can earn approximately $175,000 per year. The rear parking lot is currently rented out on a monthly basis, with an annual revenue of approximately $28,500.
Annual total income of 200,000 NZD approx, LAND BANK, or developer preferred
Main features of this property
- 453m² real estate freehold property
- Two-way corner facing the street
- High-density area with a built height of 50 meters
•Already have 16-story accommodation building resource permit
- The total possible income is $200,000
.
Owner sells in good faith
Call Mars Real Estate for more details.
