• Two freehold titles, five tenancies, retail and residential
• Split-risk cashflow returning circa $131,480 p.a. with upside
• Highly strategic location opposite Mt Albert Train Station
• Favourable PC120 zoning, significant development potential
An exciting opportunity to acquire adjoining mixed-use properties and secure a foothold in a location poised for significant long-term growth. With a mix of retail and residential income streams, it offers a balanced, split-risk profile with strong holding income and substantial upside through refurbishment and leasing the one vacant tenancy.
920 New North Road is leased to a single tenant operating a ground-floor restaurant with residence above. The adjoining 922–926 New North Road comprises three retail tenancies and a recently renovated three-bedroom apartment above. Four rare on-site car parks further enhance the appeal.
Directly opposite Mt Albert Train Station, surrounded by local amenity, the property is well-located in a vibrant, growing precinct. The area’s long-term potential is underpinned by Council’s Plan Change 120, unlocking even more intensive development under the Town Centre zoning.
A compelling opportunity for add-value investors seeking exposure to a future-focused location with holding income and untapped upside.
