2 Kaurilands Road, Auckland, Auckland, 0604, NZ

2 Kaurilands Road

Asset description

Attention Mechanics, Developers, and Investors! A rare opportunity awaits you at 2 Kaurilands Road, Titirangi. This property offers immense potential, and whether you're an owner-occupier, looking to develop, or seeking an investment opportunity.

For Owner-Occupiers, this is an opportunity to own and operate your own mechanical workshop. As one of only two petrol stations with workshop in the entire suburb, competition is minimal, and the population is growing. This property also offers loads of potential with flexible options to explore other business ventures.

For Developers, this strategic site is favourable for a range of commercial and residential activities. Capitalize on this prime location with Business Neighbourhood Centre zoning, offering the potential to build up to 13 meters in height. Unlock the property's potential and maximize its value.

For Investors, gain a holding income from the current tenant until the lease expiry in August 2024. Realise upside through rental adjustments to market level. Additionally, the property's low site coverage provides the potential to create additional building area and enhance the lettable area, generating more cash flow.

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Attributes

Land area gross

10,785 sf

Building area net

2,799 sf

Year built

1950

Zoning

Business Neighbourhood Centre

Media

Investment highlights

Generous 1,002sqm freehold property featuring a dual-pumped petrol station with convenience store, mechanical workshop, and yard
High demand neighbourhood with growing residential catchment
One of only two commercial motor vehicle servicing and repair workshops with petrol station in Titirangi
Well-exposed standalone property on prominent corner
Strategically located at the intersection of Atkinson Road and Kaurilands Road
Business Neighbourhood Centre zoning allowing for a range of commercial and residential activities
Future development upside with a potential build height of up to 13 meters
Lease expiry on August 31, 2024, allowing for flexibility, and options.