Development gem in a premium Auckland location


402 Lake Road, Takapuna

By Negotiation

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Development gem in a premium Auckland location | 402 Lake Road, Takapuna | 1502946 |      X Close
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Development gem in a premium Auckland location


• Superior exposure in the business heart of Takapuna

• 551sqm (more or less) fee simple land holding zoned Mixed Use with height variation control Takapuna 18m

• Holding income of $36,400pa + GST

• Strategic location fronting on to a main centre street

This superb fee simple site offers a rare opportunity to secure a valuable piece of land with holding income in the major suburb of Takapuna, Auckland. Leased to Wilson Parking New Zealand Limited there's a current income of $36,400pa + GST, with annual 3% rent increases. The flexible Business - Mixed Use zone provides generous scope for new builds, from single-level to intensive multi-level development (residential, commercial).

Holding a profile position in the heart of vibrant Takapuna, development here has potential to play an integral role in the present-day re-shape of this flourishing business precinct. The local surrounds offer a good mix of street front and shopping mall retail and office accommodation, all supported by a large residential catchment.

Sites of this nature will appeal to cashed up land bankers, active add-value investors, and property developers.