A Birkenhead building (outlined) with 2 streetfront tenancies but otherwise vacant was passed in at NAI Harcourts’ auction yesterday.
12 Birkenhead Avenue:
Features: 837m² site, 884m² 3-level building zoned town centre under the proposed unitary plan, with potential height limit of 27m, first & second floors vacant
Rent: holding income of $75,000/year + gst, including outgoings, from 91m² ground-floor shop & 153m² restaurant
Outcome: passed in at $2.3 million
Agents: Isaac Tankard & Jerry Zheng