Once In A Life Time - 2.2ha in Mt Wellington

Once in a life time do sites such as this come available for purchase which provide opportunity to occupy, invest or develop. This is one of the last larger and under-developed sites in central Mount Wellington. Under the current ownership for the last 26 years this property has stood the test of time, and now offers a new owner a plethora of opportunity. A massive 2.2HA title of fee-simple freehold land, with a very low site coverage which benefits from excellent access off Marua Road, and a second access off Mono Place, a quiet cul-de-sac which links to Marua Road and the Ellerslie Panmure Highway. The older improvements provide lower-cost warehousing with minimal office, large yards, and plenty of car-parking. Half of the building is leased to Nexus Foams part of NZX Listed Skellerup Holdings with a market capitalisation of close to NZD $1B.

Mount Wellington is a suburb in East Auckland, located 10 kilometres southeast of the city centre. It is surrounded by the suburbs of Stonefields, Tamaki, Panmure, Penrose, and Ellerslie, and by the Tamaki River. Marua Road is one of the key arterials linking the East of the city to SH1 and surrounds. Marua Road is benefiting from the significant development which has occurred through Lunn Ave and Stonefields. It has become a pre-eminent location for many businesses including Mitre10, Placemakers, New World, Bunnings, Countdown and others. Beyond this it boasts a fantastic array of amenities and is just a short drive from New Zealand's largest shopping mall Sylvia Park. It has excellent access to SH1 via Ellerslie & the new AMETI link.