253 Dairy Flat Highway Land plus income in prime location

Available PropertyFiles:

  • /A. Record of Title/
    • Dairy Flat Highway 253 NA113D_540_Title.pdf
    • Dairy Flat Highway 253 NA89A_454_Title.pdf
    • Dairy Flat Highway 253 NA89A_455_Title.pdf
    • Dairy Flat Highway 253 NA89A_456_Title.pdf
    • Dairy Flat Highway 253 NA89A_457_Title.pdf
    • Interest - 13326770.4.pdf
    • Interest 13484047.1.pdf
    • Interest 13485310.2.pdf
  • /B. LIM Report/
    • Dairy Flat 253 - LIM 8270650087.pdf
  • /C. Leases, Building Reports and ValuationD/
    • Dairy Flat Highway - Tenancy Agreements.zip

Property Description

• 2,025sqm site in the heart of Albany
• Business Local Centre zoning for a range of commercial or residential uses and development options
• $145,220pa + GST of diverse holding income from a range of tenants with redevelopment provisions

A tightly held precinct, 253 Dairy Flat Highway offers to the market an excellent development, investment or occupation opportunity for a range of uses. This near rectangular site which has excellent profile onto this busy arterial route is superbly positioned for its next iteration of ownership and a compelling opportunity to take advantage of the wider areas aggressive growth.

The property benefits from income from five buildings and titles with the lease profile allowing for redevelopment as soon as practically possible. Conversely the existing income stream of $145,220pa which comprises several longstanding tenants provides a stable income stream for an investor wanting to land bank and forget.

Albany continues to consolidate as the North Shore's key growth hub, underpinned by ongoing residential intensification and major investment in retail, education and transport connectivity.

Please contact the Sole Agents for further information.

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Michael Nees

Bayleys Real Estate Limited

Licenced under the REAA 2008

+64 9 489 0963   +64 21 182 3085   michael.nees@bayleys.co.nz   All Listings

Michael is a Senior Broker at Bayleys Commercial on the North Shore. Specialising in Investment Sales, Michael has concluded in excess of $200 million of transactions of this nature and has been a top 5 Broker at Bayleys North Shore for the last 3 years.

Recognised as one of the leading Investment Sales Brokers across all agencies on the North Shore, Michael has amassed numerous accolades in his career including membership to a distinguished national group of brokers under the age of 35 to achieve specific key performance indicators.

This blend of experience and results combined with a youthful passion and enthusiasm for his work has produced an impressive track record of record prices/yields and a reputation for being able to conclude some of the most challenging transactions in the market in recent memory.

Michaels philosophy is simple, to add value to his clients transactions by any ethical means necessary. Armed with a Degree in Property Valuation and Management and a determined and tenacious nature this often involves going beyond the “extra mile” to achieve the best outcome for his valued clients.

Michael has a proud North Shore heritage being a Rangitoto College and Massey University alumni and is passionate about the future of the region.