Colliers New Zealand Ltd are pleased to exclusively offer 54 Barry’s Point Road, Takapuna for sale by Deadline Private Treaty, with offers closing on Wednesday 20th July (unless sold prior).
Surrounded by a mix of popular retail and commercial properties is this freehold, multi tenanted investment, featuring a prime, road front position on one of the North Shore’s most sought after streets.
With a total net return of $145,351 pa plus GST, the offering includes two buildings with 70% and 80% seismic/IEP Ratings, total floor area of approx. 481sqm and 10 car parks.
Tenants include Pacific Paddle Company and Primal Surf, who are proven and established tenants with good lease terms and regular market rent reviews. Underpinning the value of this asset is 751sqm of Mixed Use zoned land, which allows commercial and residential development, up to 18m in height, minutes from Auckland’s CBD.
Freehold investment opportunities on Barrys Point Road with excellent future development upside are highly sought after. Don’t miss out – call the Sole Agents now for further information, or to arrange an inspection.
Shoneet Chand 021 400 765 l Matt Prentice 021 464 904
Features:
* Net Return $145,351 pa + GST
* Two established tenants + Spark cell tower
* Good lease terms and market rental growth
* 751 sqm total land area (approx.)
* 481 sqm total floor area (approx.)
* 70% and 80% IEP ratings (seismic)
* Mixed Use Zone - 18m height limit
* Tightly held Takapuna Location
* Minutes to Auckland’s CBD & motorways
* Sole Agency – Don’t miss out!