已经售出
The iconic flagship Mall. Surfside was one of the first Arcade style retail malls to be constructed in Australasia. Many a tale has been told of generations of shoppers who still to this day frequent the lively and colourful retailers who make up the Surfside family.
With over 300 homes under construction in proximity and its beachy vibes, Surfside offers the canny investor great positioning for the next boom. It is with great reluctance our vendors with a more than 20-year tenure go to the market.
The conservative rentals mean there is potential for growth, refurbishment or development.
Two road frontages and 2032 m2 of land, 736sqm of building and 9 tenancies consolidate your security.
This property could very well be purchased at below half re-instatement value, there is plenty of upside. With a spruce up it would be hard for a new build to compete rent wise.
This mall is ready for the next generation of New Brighton enthusiasts!
This property is prime for redevelopment in the near future. It is likely to sell for less than land value meaning its current holding income will position a purchaser well for the future. While there is some deferred maintenance, the fully occupied mall continues to support the local population.
Why should I purchase?
1. It should sell for land value or less!
2. Holding income
3. Central location with plenty of car parking
4. Area ready for gentrification/ redevelopment
5. Unique underutilized location
6. Popular location for tenants (it has had good occupancy for many years)
Copy and paste the link below into your browser to view the property documents.
https://www.naiharcourts.co.nz/LN3694#documents
Vendors will meet the market. This property may sell for less than what you think. It could be a bargain
Julian Twiss has been actively managing this Mall for family interests over the last two decades and has recently been appointed a Trustee for the disposal of this property and several others. So if you have any direct questions he should be able to answer them. Occupancy levels have been stable and management has been very conservative. This property has plenty of upside, either from refurbishment or redevelopment or alternatively maintaining as is.
Possible vendor funding available.
Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, ECAN, CERA and other organisations. Additionally, the property may or may not comply with the Healthy Homes Standards. Harcourts Four Seasons Realty 2017 Ltd is merely passing over this information as supplied to us. We cannot guarantee its accuracy or reliability and recommend purchasers undertake their own due diligence regarding these items.