115 Line Road, Glen Innes, Auckland Add-Value Investment with Development Upside

Available PropertyFiles:

  • Building Insurance Certificate 2024.pdf
  • LIM Report - 115 Line Road.pdf
  • Leases.zip
  • Market Rent Assessment.zip
  • Property File.zip
  • Title.zip

Property Description

Strategically positioned on a prominent corner site in Glen Innes' Town Centre, 115 Line Road offers a rare add-value opportunity with significant development potential.

Occupying a 1,985sqm freehold site, this property offers immediate short-term income from four leases, including notable tenants, G.A.S Petrol Station and Eastern Auto Electrical. Developers will find significant potential here, as the site’s low coverage and Business-Town Centre zoning make it ideal for redevelopment and future projects. Additionally, there is a considerable opportunity for add-value investors to improve the rental terms and maximise their investment.

115 Line Road is conveniently accessible via Apirana Avenue, connecting to the surrounding suburbs of Mt. Wellington, Panmure, St Johns, and Saint Heliers. It’s also just a 250m walk from Glen Innes Train Station, which offers direct routes to Auckland CBD. The area has seen substantial growth due to initiatives like the AMETI project and Tamaki Regeneration Programme, transforming Glen Innes into a vibrant retail hub with ongoing and recent developments.

With options to suit both add-value investors and developers, this rare opportunity is available via Deadline Private Treaty with offers due 4pm Wednesday 16th October 2024 (unless sold prior).

Key features:
• 1,985sqm Freehold corner site with fantastic profile
• Flat section with low site coverage and huge underlying land value
• Indicative Market Income of circa $240,755 p.a. + GST with Passing rental of $182,947 p.a + GST
• Business - Town Centre Zone with a 32.5m build height overlay
• Significant growth location with multiple new developments completed or nearing completion
• Close proximity to Glen Innes Train Station, AMETI Urban Busway and key arterial routes such as Apirana Avenue

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.