Property listing ID: 4111702
66 Ponsonby Road is a high-quality Freehold asset in a premier inner-city location, offering secure dual income, tenant stability, and long-term locational upside. Positioned on one of Auckland's most desirable retail and hospitality strips, midway between Karangahape Road and Richmond Road, 66 Ponsonby Road occupies a high-profile position in the heart of the precinct, with the future Karanga-a-Hape City Rail Link station close by. The character two-level building totals approximately 162m² comprising a ground floor restaurant tenancy with a long-standing tenant, and a light filled upper level enjoying an outlook over Ponsonby Road, plus additional storage space and a rear courtyard. The Business - Town Centre zoning offers versatility to take advantage of the precinct's already evident intensification trajectory and the improved foot traffic generated by the CRL, set to open later this year. KEY FEATURES: • Prime Freehold site of 174m² on Auckland's premier inner-city strip • Two-level character building of approximately 162m², plus basement and storage space • Fully tenanted dual income of $63,000 + GST net per annum • Outgoings 100% recovered from tenants, delivering a clean net return • Anchor tenancy from Mutiara Malaysian Restaurant, long established with a strong following • 70% NBS, strengthening works completed in 2023 • Flexible Business - Town Centre zoning • Within the walkable catchment of the upcoming Karanga-a-Hape station • High-profile ground floor frontage to Ponsonby Road This is an excellent entry-level investment. Contact now for further details.
Listed by Barfoot & Thompson , Cam Paterson (City Commercial) , Justin Lowe (City Commercial)