Property listing ID: 4112904
A substantial freehold landholding in the heart of Browns Bay, offering established income today and significant future potential. Positioned prominently on Beach Road, this 2,076m² freehold site presents an exceptional opportunity to acquire a well-established commercial property in one of the North Shore's most sought-after town centres. The property comprises approximately 1,830m² of building area, excluding the upper-level car park, together with approximately 40 car parks. The near-rectangular site provides excellent functionality, with approximately 37.52 metres of Beach Road frontage, a depth of 55.28 metres, and a near-level profile throughout. Currently generating approximately $206,600 per annum from a couple of established occupiers, the property also offers an opportunity to enhance income by leasing currently vacant office and restaurant spaces. Most importantly, the property is zoned Business – Mixed Use under the Auckland Unitary Plan, providing a compelling long-term strategic landholding and potential for future higher and better use, subject to the relevant planning and development approvals. KEY FEATURES • 2,076m² (more or less) freehold landholding • 1,830m² building area (approximately) excluding upper-level car park • 40 car parks • $206,600 per annum income • Two vacant spaces, offices, and restaurant providing further leasing and income upside • Established tenant profile with a diversity of businesses • Business – Mixed Use zoning • High-profile Beach Road location • Near-level, near-rectangular site • Access from Beach Road • Strong income, growth, and development proposition
Listed by Barfoot & Thompson , Rohit Khanna (City Commercial)