It has a letting area of 138sq m and produces an annual rental income of $51,878.
"Its location on two main arterial routes, Dominion Rd and Mt Albert Rd, gives the Chinese restaurant very good exposure to passing vehicle and foot traffic and the business also benefits from the large surrounding residential area, plus clientele from other established businesses nearby," Chaudhary says. The building has a council carpark at the rear and has been well maintained. It sits on a 225sq m freehold site in two titles.
At 1252 Dominion Rd, the single-level former Westpac Bank premises was generating $68,485 a year rent.
"This represents an opportunity for an owner-occupier or for someone who is looking for an add-value property," says Chaudhary, who is marketing this property with Janak Darji and Paul Dixon of Bayleys Auckland.
The 290sq m well-presented building, which comes with high quality meeting room and office partitioning, plus a strongroom, could potentially have another storey added because its business 2 zoning allows a maximum height of 12.5m and business or residential use.
Under the proposed Draft Auckland Unitary Plan, however, the property would be within a Local Centre zone where the height limit would rise to 16.5m, not taking into account height-to-boundary lines.
"It could be possible under both zonings to put apartments or office space on top of this building, which has a site size of 390sq m, although the building itself takes up the whole land area," says Chaudhary.
"A new owner could redevelop and revive the existing building with a new tenant or possibly divide it into two tenancies."
The Mt Roskill shopping precinct has attracted some well-known service-based businesses in recent years, including many of the major banks and national businesses such as the TAB, Civic Video and Burger King.
"There's never much vacant space in the Mt Roskill shopping area and it is well serviced by ample street and council car parking," says Chaudhary.
"I only know of one other vacant retail space in the heart of the strip and it's another bank building."
What's on offer
For sale: Two Mt Roskill retail outlets
Address: 1001 and 1252 Dominion Rd
Agency: Bayleys Manukau and Auckland
Sales method: Auction Wednesday, June 26
Features: Passive investment and add-value potential