32-36 Mokoia Road, Birkenhead, North Shore

Options, options, options

• Freehold site of 524sqm (more or less) on ridgeline of Mokoia Road
• Lease profile provides opportunity for occupiers and add-value investors
• Currently returning $103,265.51pa + GST and outgoings anchored by long-standing tenant of over 12 years.

Situated on the city and harbour facing ridgeline of Mokoia Road, Birkenhead 32 - 36 Mokoia Road presents an opportunity with huge upside to acquire a freehold site with excellent income in a suburb undergoing significant gentrification.

The property currently provides an excellent holding income from a long-standing tenant with flexibility of tenure that provides options for a variety of purchasers to unlock occupation or add value options and maximise returns on this strategic investment. The property benefits from vehicular access to the rear of site and additional minor tenancies below street level, long term the site has intensive zoning that allows for redevelopment up to 21 meters with apartments at the upper floors.

Birkenhead is located adjacent to Onewa Road, the first motorway off-ramp from Auckland CBD. This strategic location has encouraged a dramatic revitalisation of the town centre over the last decades as evidenced by several new apartment and townhouse developments in addition to a range of new commercial tenants entering the township.