Tuesday, 27 April 2021, 8:36 am
A large Mount Wellington site known for its prominent
Asian restaurant and grocery outlets and zoned for intensive
mixed-use development has been put up for
sale.
519 Ellerslie Panmure
Highway
The freehold land and buildings for sale at
519 Ellerslie Panmure Highway occupy a high-profile location
in the heart of the Mount Wellington retail
precinct.
The site contains three fully-leased
buildings, whose tenants include the Imperial Palace Chinese
restaurant and event centre, a popular gathering place for
the local Chinese community, along with a Vietnamese
restaurant, a Chinese supermarket and an automotive
workshop.
Together the tenancies generate diversified
net rental income of $616,892 plus outgoings and GST per