Quality Investment - 888sqm (more or less) of Land

398, Lake Road, Takapuna, North Shore City

Auction

Proposed Usage
Office
Description:
Property ID
1bzm4fq

Quality Investment - 888sqm (more or less) of Land

- Located in the heart of Takapuna
- New six (6) year lease with further rights of renewal
- Total net rental $165,000pa + GST
- Well-established tenant in occupation for over 20 years
- Potential long term development opportunity
- Total floor area 321sqm (approximately)
- Land area 888sqm (approximately)
- AUP (OP) Zoning Mixed Use

The Skin Institute has occupied the property as a tenant since 1994, with the business growing into a multi-disciplinary specialist centre with over 18 clinics nationwide. This is an excellent opportunity for an investor to enhance their existing portfolio with a future view to potentially redevelop the site under the Mixed Use zoning. Located in the heart of Takapuna, close to the beach, retail shops, multiple cafes and restaurants, properties of this quality are very sought after.

Tenancy Details:
Name of Tenant - Skin Institute Limited
Term of Lease - Six (6) years
Commencement Date - 22nd September 2017
Rights of Renewal - Three (3) x three (3) years
Net Rental - $165,000pa + GST

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

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Takapuna Area