This property has not been on the market since mid-last century, held within one family’s hands for all that time.
A prime corner site in central Milford, bounded by the main road through Milford, Kitchener Road, and Dobson Avenue. The estate is Fee Simple, comprising 989m² (more or less) of level contour.
A single-storey building of approximately 465m² accommodates three restaurant tenancies plus a telecommunications facility at the rear of the building, returning $157,000 plus GST net per annum.
The property is zoned Business - Town Centre. An opportunity here to capitalise on the permitted building height of 18 metres. Information packs are available on request.
KEY FEATURES:
• First time on the market since mid last century, an absolute for holding and/or developing
• Prime corner site in Milford, a highly affluent coastal suburb on Auckland’s North Shore
• Land area of 989m², building area of 465m² and 18 car parks
• Established tenants returning $157,900 per annum net on favourable lease terms
• Zoned Business - Town Centre with permitted building height of 18 metres
See this listing on Barfoot & Thompson
