157-159 Lake Road, Belmont, North Shore

UPSIDE X UPSIDE

- Current mean retail rental rate of $260/sqm
- Established tenant
- Landmark building with exceptional profile
- Highly favourable future zoning

It's unusual to see trophies of this calibre going to auction with a genuine vendor. Prospective purchasers should note the rental upside, development potential, profile and no vacancy for more than 20 years which will please the bank.

The Thai Restaurant, Belmont Liquor Store and Spark Aerial offer a split risk income which will comfort the future owner. With all final expiry dates occurring in the next five years, this will allow add value investors and developers ample time to plan their next move.

The real value is in the land. The future owner will be spoilt for choice.

Auction (unless sold prior)
11am, Wednesday 21st September 2016
Maritime Square, Ground Floor,
4 Viaduct Harbour Avenue,
Auckland, New Zealand