Property listing ID: 84950
For sale by Deadline Private Treaty closing 3:00pm, Thursday 3 December 2020 (unless sold prior) at 129 Hurstmere Road, Takapuna. Strategically located in one of the fastest growing North Shore suburbs is this great corner site, Freehold property. Solidly constructed and leased long-term to a popular gastrobar restaurant and cafe, it possesses all the traits of a quality commercial investment. The tenant is on a six-year lease from June 2019 with further rights of renewal, the current annual income is $76,500 plus GST, they occupy the total building of 225m² (more or less) including the mezzanine level. The single level building was largely rebuilt in 2006 and has an earthquake NBS rating of 100%. The current owner has put substantial infrastructure in place to create an ideal premises for the business operator who has an extensive background in the hospitality field. Highly celebrated online, the current establishment now has a unique offering in the fast-growing Beach Haven area at arguably the highest profile position in the town centre. Beach Haven has seen a surge of new residential property development in recent years, the suburb has been largely undervalued for years but with Auckland's perimeter ever expanding and Beach Haven's beautiful 'parklike' atmosphere as well as being close to the CBD, there has been huge demand from occupiers and investors to take advantage. If you are in the market for a strategic investment with development upside in an affordable price range, look no further. For a full information pack and to arrange your private inspection please get in touch with sole agents right away. KEY FEATURES: • Prime, corner site with high exposure to main roads • Favourable Business-Local Centre zoning • Tenant offers a sought-after proposition with limited competition • High liquidity price bracket in an up and coming suburb • Development concepts prepared for further levels to complement the existing site • Long-term lease in place returning $76,500 per annum plus GST Viewings are strictly by appointment only.
Listed by Barfoot & Thompson , Nick Brown (North Shore Commercial)