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Browns Bay

30-34 Clyde Road, Browns Bay, North Shore

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376sqm Floor area
764sqm Land area SQM

For Sale by Negotiation

Quintessential fee simple strip retail


• 764sqm (more or less) freehold site with Town Centre zoning (18m height limit)
• Returning $187,265pa + GST from an established, diversified tenant mix
• Lease extension from head tenant to 2024 representing 44% of total income
• NBS rating of 70% following seismic upgrade

Situated on the main road of the seaside town centre Browns Bay on Auckland's North Shore, the property presents all the fundamental short, medium and long term attributes of a logical investment opportunity for the discerning purchaser.

The property is currently generating a robust income stream across three tenancies all of which are established within this locality. The tenancies have a generic configuration, combined with their size range this will be attractive to a variety of tenants and businesses long term future proofing the asset from a re-letability perspective for the next landlord.

The property occupies an underdeveloped freehold site in the heart of the Browns Bay shopping precinct. Rezoning under the AUP to "Town Centre", the investment is underpinned by residential development potential. Quality freehold investment property in this part of the world is rare, this bank friendly asset will be sold at auction so don't miss out.

Call the sole agents now for further details.

Michael Nees

Michael Nees


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Ranjan Unka

Ranjan Unka


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Eddie Zhong

Eddie Zhong


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Tenanted Investment


Returning $187,265pa + GST from an established, diversified tenant mix

WF Label 3


WF Description 3

Zoning


Town Centre zoning (18m height limit)