Unique Investment / Development Opportunity

8-12, The Promenade, Takapuna, North Shore City

Auction

Proposed Usage
Industrial
Description:
Property ID
1c12gdk

- Located in the heart of Takapuna's CBD - 500m from Takapuna Beach
- Fantastic views of Hauraki Gulf
- Excellent rental income of $415,091.59pa + GST and outgoings
- Unique development opportunity
- Situated within the restaurant/cafe precinct of vibrant Takapuna

This site presents a superb, multi road frontage site for a mixed use apartment development. In the meantime it provides excellent cash flow as an investment.

Takapuna is one of the main commercial and shopping precincts on the North Shore, 9.4km's from central Auckland.

Property Details:
- Tenure Fee Simple (freehold)
- Floor Area 1672.5 sqm (approximately)
- Land Area 817 sqm (more or less)
- AUP (OP) Zoning Business - Metropolitan Centre

Tenancy Details:
The property is tenanted to a variety of established tenants returning an income of
$415,091.59pa + GST and outgoings. Full tenancy details are available upon request.

For sale by Auction (unless sold prior)
11am, Wednesday 7 March 2018
Bayleys House, 30 Gaunt Street, Auckland Central

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Takapuna Area