Take the pulse of fast-beating medical locality
Consented for medical uses, a character property in the Auckland city-fringe suburb of Greenlane presents a range of development and value-add opportunities.
The property at 176 Green Lane West is strategically situated along the soughtafter Green Lane West node.
It holds immense potential with its generous landholding of 888sq m and a well-designed floor area of 16sq m.
Ideal for various medical uses and zoned for a range of future development options, this property holds significant potential.
Marketed by JLL, 176 Green Lane West is to be sold via deadline private treaty closing 4pm, Thursday March 21, unless sold prior.
The property’s versatility will appeal to a broad range of value-add developers, investors seeking immediate cashflow or those looking to own and occupy their own space, according to JLL metropolitan sales and investments broker, Kevin Reardon.
“This is an unparalleled opportunity in the highly sought-after Greenlane area within a growing medical hub,” says Reardon.
“Whether you're looking for reliable cashflow, a space to occupy or a development opportunity, this property provides a range of options, with the potential for development in a high-visibility location along one of Auckland's major arterial roads.
“It's part of a growing medical precinct that capitalises on increasing national demand in this sector.”
Already consented for medical use, providing convenience for potential buyers, current zoning allows for both residential and commercial opportunities in the future, such as terraced housing and apartments.
“The property's zoning and existing tenancies ensure immediate cashflow for investors, while the aligned lease presents opportunities for future development scenarios, whether it be occupancy or development,” adds Reardon.
Serviced by convenient and frequent public transport and surrounded by commercial amenities, 176 Green Lane West offers excellent connectivity for clients and staff in a popular and central location, Reardon says.