428-430 and 448 Dominion Road is a large parcel of freehold land on the corner of Dominion and Herbert Road. The combined property has a 50 metre frontage to Dominion Road and is zoned Business 1, changing to Mixed Use under the proposed Unitary Plan, allowing for development to 18 metres.

The property is being sold in two parts being a block of six residential units and a commercial building. The flats at 428-430 Dominion Road are on individual titles (sold as one) and are of brick and tile construction. The units are let on a periodic basis totalling $2,510 per week ($130,520 per annum) rental.

The commercial building on the corner of Herbert Road consist of a warehouse/office building, currently used as a mechanics who utilises the access from both frontages. The property is leased until 31 August 2018 for $104,000 per annum plus GST and outgoings.

This is a well positioned significant property that provides an opportunity to purchase either one or both investment properties or a significant development parcel with stable holding income. Contact now for your information pack.