$4.5 MILLION PLUS INVESTMENT, 2,076M² FREEHOLD...

A substantial freehold landholding in the heart of Browns Bay, offering established income today and significant future potential.

Positioned prominently on Beach Road, this 2,076m² freehold site presents an exceptional opportunity to acquire a well-established commercial property in one of the North Shore's most sought-after town centres.

The property comprises approximately 1,830m² of building area, excluding the upper-level car park, together with approximately 40 car parks. The near-rectangular site provides excellent functionality, with approximately 37.52 metres of Beach Road frontage, a depth of 55.28 metres, and a near-level profile throughout.

Currently generating approximately $206,600 per annum from a couple of established occupiers, the property also offers an opportunity to enhance income by leasing currently vacant office and restaurant spaces.

Most importantly, the property is zoned Business – Mixed Use under the Auckland Unitary Plan, providing a compelling long-term strategic landholding and potential for future higher and better use, subject to the relevant planning and development approvals.

KEY FEATURES

• 2,076m² (more or less) freehold landholding
• 1,830m² building area (approximately) excluding upper-level car park
• 40 car parks
• $206,600 per annum income
• Vacant office and restaurant, providing further leasing and income upside
• Established tenant profile with a diversity of businesses
• Business – Mixed Use zoning
• High-profile Beach Road location
• Near-level, near-rectangular site
• Access from Beach Road
• Strong income, growth, and development proposition