Fee Simple Retail + Long lease terms

438 Lake Road, Takapuna, Auckland

Description

– Net Return of $134,125pa + gst.
– Business – Metropolitan Centre Zoning.
– Building control height of 24.5 metres
– Highly desirable tenancy sizes.
– Five (5) car parks.
– IEP of 70%.

There is heightened interest in Takapuna with multiple apartment developments underway, potential Hurstmere Road upgrade, Auckland Council (Panuku) in the early stages of construction with 14 Huron Street with Anzac Car Park to come. Some of Auckland’s most sought after and valuable houses are located in close proximity to Takapuna Beach (which is 300m from this property) providing a higher than average disposable income for the area. With the affluent locals, day trip shoppers & beach goers underpinning demand for hospitality businesses, 438 Lake Road stacks up.

Whilst collecting the rent and enjoying the capital growth in Takapuna the new owner can also consider the Business – Metropolitan Centre Zoning. This zoning allows for multiple uses and additional levels with a height control of 24.5 metres.

Contact us for further information.

Listing Agent

Simon Aldridge
021 774 951
simon.aldridge@blackhaus.co.nz

David Huang
021 888 819
david.huang@blackhaus.co.nz

Contact

Level 4, 8 Commerce Street, Auckland CBD, 1010

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Black Haus Limited licensed under the REA act 2008