Our Vendor is selling this iconic landmark retail property positioned at a prominent Takapuna location, well known as "Halls Corner". The property is Anchored by TSB Bank (approx. 43% of income), other tenants include Three Wisemen, Umi Sushi, Old Lolly Shop, Box'd, Mr Yum, and Reflexology. They provide a consistent stream of split risk income.
- Split risk with 7 tenancies
- Net income: $538,958 p.a.
- Retail area: 552.38m²
- Office area: 73.49m²
- Car parks: 6 spaces
- Freehold land area: 842m² (more or less)
- Zoning: Metropolitan Centre Zone - Permitted height 24.5m
If you are looking for a combined larger holding, we also have available, the adjoining property at 4 Hurstmere Rd, comprising freehold land area 332m² more or less with an income stream from 5 tenancies. Further details are available upon request.
Auckland Council has committed to substantial urban regeneration in Takapuna - a key metropolitan centre for growth and development. This is set to drive huge increases, with a forecast 15,000 extra residents and 15,000 employees by 2040. These steps include "Takapuna Central," a 110 premium apartment project underway within 100 metres of "Halls Corner". The public investment within this affluent area is bringing major benefits to this premier location.
For more information and an appointment to view this property, please contact the agents at NAI Harcourts Cooper & Co today.