214-218 Jervois Road Herne Bay | Barfoot & Thompson

214-218 Jervois Road, Herne Bay

For sale by negotiation

LANDMARK HERNE BAY WITH MULTIPLE REVENUE UPSIDE


For sale by Deadline Private Treaty closing 4:00pm, Wednesday 17 February 2021 (unless sold prior) Level 3, 50 Kitchener Street, Auckland Central.

Premium irreplaceable real estate on the Herne Bay ridge with stunning views of the harbour as well as west to the Waitakere Ranges. Rarely available, these multiple view properties are tightly held.
 
On offer is a prestigious trophy building generating secure income streams. A character, turn of the century building featuring three high profile ground floor retail tenancies and two upstairs residential apartments, plus 10 tandem car parks at the rear.
 
Comes with resource consent for a 14 unit harbour view development. Many opportunities here to add-value while collecting secure passive income.
 
Possibilities are numerous:
• Occupy one apartment and enjoy the income from the second apartment and three retail spaces below
• Or renovate and convert upstairs to one large stunning apartment and still enjoy three incomes below
• Leave as is with five revenue streams
 
Upsides:
• Diversified income stream of $291,800 net plus GST from long-term tenants with strong covenants
• Standalone character building on 524m² of land
• Over 15 metres of frontage on Jervois Road in Business - Town Centre zone
• Consented development and further add-value potential
 
This building has it all and will not disappoint. Invest for yourself and future generations.

Call now for an exclusive information memorandum and viewing times.

Property details

Location:
214-218 Jervois Road, Herne Bay
Land area:
524 m²
Property ID:
85359

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