424 Lake Road, Takapuna, North Shore

Affordable Takapuna Investment

- Fee simple tenure
- Currently returning $61,950pa + GST (Increasing to $63,383pa + GST from 1st November 2017)
- Split risk income with three separate tenancies
- AUP (OP) Zoning - Metropolitan Centre

On the market for the first time in over two decades the property represents a rare opportunity for the successful purchaser to own a piece of the North Shore's CBD, Takapuna. This is the first time in a long time that an affordable opportunity to purchase in the heart of the Takapuna has come to the market and is a chance not to be missed.

The location is underpinned by the intensive retail and commercial activity on Lake Road, Metropolitan Centre zoning, proximity to Auckland CBD and of course Takapuna's natural beauty, all of which adds up to business demand and desirable livability.

The property is well positioned as an investment being fully let with three individual income streams. The successful purchaser will have the peace of mind that long term beyond the current use of the site, the value of the land in the future will make for a profitable exit strategy.
Takapuna investments in this price bracket are rare so don't miss this one.

For Sale by Auction
(Unless sold prior)
11am, Wednesday 17th May 2017
Bayleys House, 30 Gaunt Street,
Auckland Central, New Zealand