39-43 Cartwright Road, Kelston, Auckland
Value-Add Investment Holding
A combined land holding offering of 3,096 sq metres of land situated on Cartwright Road in Kelston. Improvements provide for 5 separate industrial tenancies over approximately 2,000 sq metres of buildings.
These properties have been held tightly by the previous owner for 20+ years.
Zoned Mixed-Use under the Unitary Plan, this will offer numerous future redevelopment opportunities, with the existing refurbished improvements generating significant holding income. New apartments under construction to the rear, together with residential housing adjacent to the east on Netherlands Avenue, further support the mixed use development potential.
39 Cartwright Road offers two tenancies, on a freehold title with a land area of 1,032 sq m.
41-43 Cartwright Road comprises 3 existing strata titled units on a land area of 2,064 sq m.
