Strategically positioned in the heart of Milford’s bustling retail precinct, 10 Milford Road presents a rare opportunity to acquire a high-quality freehold investment in one of Auckland’s most desirable coastal suburbs.
This investment is anchored by a brand-new 6-year lease to the well-established Paulo Café, offering strong income security and a final lease expiry in 2033.
Set on a 369m² freehold site, the property benefits from Business – Town Centre zoning under the Auckland Unitary Plan, enabling future mixed-use development potential up to 18 metres in height. This zoning supports retail, commercial, and residential uses, making the site highly versatile for future intensification.
With 11 on-site car parks, excellent street frontage, and proximity to Milford Shopping Centre and the beach, 10 Milford Road is perfectly positioned to benefit from strong demand and continued growth in the area.
This is the ideal passive investment in a blue-chip location.
Features:
- Returning Net $84,142 pa + GST
- New 6-year Lease
- Final lease expiry in 2033 (if renewal taken)
- 369 m² Freehold Title
- Business – Town Centre Zone
- 18m Height Limit
- 11 Car Parks
- Sole Agency
Call either of the Sole Agents for further information, or to arrange an inspection.
Janet Marshall 021 684 775. Shoneet Chand 021 400 765
Features:
- Returning Net $84,142 pa + GST
- New 6-year Lease
- Final lease expiry in 2033
- 369 m² Freehold Title
- Business – Town Centre Zone
- 18m Height Limit
- 11 Car Parks
- Sole Agency
More information: https://www.colliers.co.nz/p-NZL67037021
