Split Risk Trophy With Upside And City Views
100, Hinemoa Street, Birkenhead, North Shore City
- Proposed Usage
- Floor Area
- 421.21 m²
- Land Area
- 757.00 m²
- Auction Date
- 11:00 - May 17, 2017
- Property ID
- Prominent corner site
- Neighbourhood Centre zoning AUP (OP)
- Split risk income with residential, retail and commercial tenancies
- Genuine rental and development upside
- Building Area 421.21sqm approximately
- Land area 757sqm more or less
This Birkenhead Point landmark sits upon an elevated corner site with views of the Waitemata Harbour and Auckland's CBD. This picturesque building has enjoyed practically zero vacancy due to its location and limited commercial stock in the immediate area.
100 Hinemoa produces a conservative net return of $103,907pa + GST from six tenancies. The split risk income stream coupled with the affluent location and excess land will appeal to the full spectrum of buyers. With a market short on quality available stock this opportunity must not be overlooked. The surrounding residential catchment area boasts some of the North Shore's beautiful homes and has a family friendly atmosphere.
This landmark trophy will spoil the new owner with options whilst offering pride in ownership which has become increasingly difficult to acquire.
For Sale by Auction (unless sold prior)
11am, Wednesday 17th May 2017
Bayleys House, 30 Gaunt Street,
Auckland Central, New Zealand