Block of 14 Units

Ray White Commercial Auckland is pleased to present 15 Queen Mary Avenue, New Lynn for sale.

The property represents a rare opportunity to acquire an entire block of fourteen (14) tenanted units in one line. Benefit from the significant current income stream, and a yield of between 4.5% and 4.75% based on gross yield, or explore the subdivision potential. The units have recently been refurbished to a modern standard, offer rental growth prospects, and are positioned only moments away from the thriving LynnMall Shopping Centre and surrounding amenity including New Lynn train station. This is a unique investment opportunity for shrewd investors.

Highlights of the property include:

* Total land area of 2,089sqm
* Fourteen (14) two bedroom units.
* Twelve (12) on site carparks.
* Three (3) lock up garages.
* Excess land for potential development.
* Explore subdividing into unit titles.
* Estimated fully let annual income of $333,424pa with room for growth.
* Short walk to Ken Maunder Park.
* 1.8km to LynnMall Shopping Centre and New Lynn Train Station.

The property is offered for sale By Negotiation.

To take the virtual tour, hover your smartphone over the QR Codes in the image gallery, or copy the links below to view the respective units:

Unit 7
https://my.matterport.com/show/?m=TXdKkiUWaUB

Unit 11
https://my.matterport.com/show/?m=nkz3JfqNBqr

To organise an inspection, discuss the sale process, or the opportunity in further detail please contact the exclusive selling agents.

Finn Hurst
0276 888 970
finn.hurst@raywhite.com

Mike Hoeft
021 560 491
mike.hoeft@raywhite.com