• Add-value investors seeking leasing and repositioning upside
• Owner-occupiers able to occupy space while retaining holding income
• Suitable for medical, church, community, or office use
• Flexible multi-tenanted configuration with ample on-site parking
• 100% NBS earthquake rating

48 Enterprise Street presents a rare opportunity to acquire a three-level office building in the heart of Birkenhead, positioned at the end of a quiet cul-de-sac on Enterprise Street on the fringe of Highbury Shopping Centre. Located within one of the North Shore’s established commercial precincts, the property benefits from convenient access to local amenities, public transport, and efficient connectivity to both the wider North Shore and Auckland CBD.

Across two titles, the property occupies a 1,015sqm freehold site and comprises a total building area of approximately 1,168sqm over three levels, including basement parking. Constructed in the 1980s as a dedicated office facility, the improvements provide flexible, multi-tenanted accommodation suited to medical, office, church, or community occupiers. The building is currently subdivided into seven office suites, with a mix of partially tenanted and vacant areas, creating immediate flexibility for owner-occupiers and add-value investors. The ground floor is configured as a large single tenancy, while the upper level is split into multiple office suites. Basement parking provides 23 covered and 23 uncovered car parks, supporting strong occupier appeal. The building benefits from a 100% NBS earthquake rating, offering confidence for both investors and occupiers.

The property currently returns a total holding income of $198,896.70 per annum plus GST, with existing vacancies presenting a clear opportunity to enhance income through active leasing, refurbishment, or reconfiguration. Strategically located just minutes from Highbury Shopping Centre, the property enjoys easy access to cafés, retail amenities, and public transport. Birkenhead provides excellent connectivity to the Auckland CBD via the Harbour Bridge and Ferry Terminal, as well as convenient links to Takapuna, Northcote, and the wider North Shore arterial network.

With secure holding income, existing vacancy, and significant flexibility for occupation or repositioning, this property represents a compelling opportunity to secure a foothold in a tightly held North Shore location.

The property is situated in a Light Industrial zoning and some potential uses may be subject to Resource Consent.