Strategic Position In The Heart Of Northcote

218-224 Lake Road, Northcote

By Negotiation

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Strategic Position In The Heart Of Northcote | 218-224 Lake Road, Northcote | 1500649 |      X Close

Strategic Position In The Heart Of Northcote

- Profile corner site with dual street frontage on to Ocean View Road and Lake Road

- Floor Area:896 sqm

- Land Area: 2,494 sqm

- Potential residential development opportunity

- Within 10 minutes drive to Auckland's CBD (off-peak)

This outstanding, profile, property opportunity consists of three commercial office buildings and six tenancy suites in total. It is a freehold standalone site comprising 2,494 sqm approx. and is located approx. 8km north of Auckland's CBD.

The property holds a strategic position in the heart of Northcote, on the North Shore, Auckland.

Northcote is a medium to high income suburb. The Northcote town centre is an Auckland Council Business Improvement District, with 22,821sqm gross and 15,932sqm net floor area (92 per cent retail and 8 per cent office space). More than 567 car parking spaces are located in and around the shopping complex. The centre's key sections are the Countdown supermarket, a community centre, and a largely ethnic shopping centre. The shopping centre has about 90 retail occupiers, 60 per cent of whom are grocery/convenience retail, 20 per cent food and beverage, and the rest service outlets. The place is vibrant and generally follows an ethnic food theme (refer Northcote Town Centre Renewal, High Level Project Plan, Panuku Development Auckland - 2016).

Enquire today about the significant add-value opportunities that this property presents.