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Situated in the heart of Auckland's northern township of Orewa the property consists of a high profile three story standalone retail and office building with car parking to the rear of the site. Orewa is a bustling township that has benefited significantly from the booming residential growth of the suburb in addition to wider Silverdale, Millwater and the Whangaparaoa Peninsula. The properties proximity to world class Orewa beach and the sites 27m height limit (circa 8 levels) underpin the value of the asset long term as a sought-after redevelopment site.
* Returns a full notional rental of $318,993 pa + OPEX and GST (including vendor guarantees)
* l,037sqm (more or less) freehold site with 854sqm (approximately) three level building (100% NBS) and 21 car parks
* Town Centre zoning under Auckland Unitary Plan (27m height overlay)
* Diversified income with flexible lease terms
* Re-development opportunities to build and expand on existing footprint
Currently the property produces a robust income stream diversified over several tenancies and differing business uses including international retail client and office spaces. With flexible lease terms across multiple tenancies there is an owner occupier angle with potential to increase the rent roll or pursue future development opportunities. The ability to lock in freehold standalone assets in quality locations are rare, so don't miss out on this one.
This investment opportunity will gain a lot of attention. Be quick and contact us today.
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $4,200,000 | 837.9% | 1 |
2021 | $447,825 | -51.3% | 2 |
2020 | $919,000 | 13.5% | 33 |
2019 | $809,500 | 28.5% | 4 |
2018 | $630,000 | -42.7% | 11 |
2017 | $1,100,000 | 72.5% | 5 |
2016 | $637,500 | 45.1% | 12 |
2015 | $439,500 | -9.8% | 11 |
2014 | $487,500 | - | 4 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.20 km | 3 | 2 | 180m2 | 2024年04月02日 | $1,130,000 | Council approved | |
 | 0.22 km | 2 | 2 | 96m2 | 2024年03月28日 | $940,000 | Council approved | |
0.07 km | 2 | 1 | 96m2 | 2024年03月25日 | $940,000 | Council approved | ||
 | 0.18 km | 2 | 1 | 130m2 | 2023年11月15日 | $1,000,000 | Council approved | |
0.07 km | 2 | 1 | 79m2 | 2023年11月13日 | $762,000 | Council approved |