– Iconic corner site.
– Seven tenants with a net return of $496,043pa + gst.
– Net Lettable Area: 646 square metres (approx.).
– Street frontage of approximately 77 metres.
– Fee Simple site of 842 square metres (more or less).
You can’t miss this iconic Takapuna landmark with it’s generous 77 metres road frontage to Lake Road and Hurstmere Road overlooking Takapuna’s busiest intersection. The investment is anchored by TSB Bank who are half way through their 12 year lease, as well as other notable brands including 3 Wise Men, Oporto, Umi Sushi and others.
The property is largely single level with one part of the building on Lake Road having a 73 square metre first floor office. With the property having the Business – Metropolitan Centre Zoning under the unitary plan the possibility to build additional levels should be considered.
Put it in your bottom drawer.