Now available are two cross-lease properties on a 822m2 parcel of nearly flat land on Lincoln Road.

This is a major arterial road and has become a commercial precinct attracting businesses including large retail brands, supermarkets and banks. This site is less than 500 meters from the North-Western motorway, providing easy access to the central city and North Shore. Opposite this site is a major retail development currently under construction.

This section of Lincoln Road is currently zoned 'Living Environment', however proposed zoning under the Auckland Unitary Plan is 'Mixed Use'.

The front house is a 2 bedroom weatherboard home in original condition currently rented for $320 per week. The Rear property is a 3 bedroom modern home currently rented for $390 per week. Both properties are currently achieving a combined rental income of $36,920pa. Market rental appraisals indicate that with a little sprucing up, total rental income could increase to $45,240pa.

Developers should investigate future options and with good road frontage, a north-facing aspect and potential views over adjacent park this could be a great location for a mixed-use project.

In the meantime, current residential tenancies will provide significant holding income.