1 Shea Terrace, Takapuna, North Shore

Owner Occupier Opportunity

- Standalone medical investment or occupation opportunity
- 1,012sqm site (more or less) with "Mixed Use" Zoning (AUP) OP
- Partially tenanted returning $102,620pa + GST to Waitemata District Health Board
- 330sqm vacant ground floor tenancy with vendor under write option of $101,220pa + GST (Rental Valuation)
- Total potential income of $203,840pa + GST

Situated on Shea Terrace immediately adjacent to North Shore City Hospital is this medical investment or occupation opportunity in a sought after, tightly held precinct.

A premium location, the property is strategically located within this established medical hub alongside a strong mix of medical professionals and practitioners. Accessed via Taharoto Road and within close proximity to the Northcote Road motorway interchange, the property provides a convenient and accessible Auckland wide location. Situated on a 1,012sqm fee simple title these location attributes coupled with the underlying zoning allow for several long term redevelopment options including residential.

Currently the property returns $102,620pa + GST from a blue chip tenant covenant The Waitemata District Health Board who occupies the first floor. The existing ground floor tenants lease expires on the 31st of September 2018 leaving a residual 330sqm and 18 carparks offering several options. With a 12 month rental underwrite being offered by the vendor the property is significantly de risked for future investment with a year for a savvy investor to hand pick a tenant or a turnkey solution for an owner occupier with income.

A genuinely unique investment option with various angles - don't hesitate to call the sole agents today to view.