Affordable Split Risk Investment

60-62, Mokoia Road, Birkenhead, North Shore City

Auction

Proposed Usage
Retail
Description:
Property ID
1bzlf27

- Net return $131,018.33pa + GST from three (3) separate tenants
- Land area - 405sqm (more or less)
- Significant rental upside
- AUP (OP) Town Centre zoning (21m height limit)
- Booming growth suburb

Situated on the sought after southern ridgeline of Mokoia Road, Birkenhead, the property presents a fantastic opportunity for the discerning investor to purchase an investment with value to add and rewards to be reaped.

The income stream is well-balanced across two retail tenants and a third tenant occupying the basement tenancy. Modest rental rates mean that there is real potential for an increased future return for the successful purchaser.

The future zoning being Town Centre under the AUP essentially allows for retail at street level with apartments above. Proximity to Auckland CBD, public transport infrastructure and now the zoning framework has provided the catalyst for a hotbed of development that is already taking off in the area.

This is the first time in years that a property has been publicly marketed on this southern side of Mokoia Road so don't miss this chance to be a part of Birkenhead's gentrification.

For sale by Auction (unless sold prior)
11am, Wednesday 25th October 2017
Bayleys House, 30 Gaunt Street, Auckland Central

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Birkenhead Area