Quintessential fee simple strip retail

30-34 Clyde Road, Browns Bay

By Negotiation

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Quintessential fee simple strip retail | 30-34 Clyde Road, Browns Bay | 1503234 |      X Close

Quintessential fee simple strip retail

• 764sqm (more or less) freehold site with Town Centre zoning (18m height limit)

• Returning $187,265pa + GST from an established, diversified tenant mix

• Lease extension from head tenant to 2024 representing 44% of total income

• NBS rating of 70% following seismic upgrade

Situated on the main road of the seaside town centre Browns Bay on Auckland's North Shore, the property presents all the fundamental short, medium and long term attributes of a logical investment opportunity for the discerning purchaser.

The property is currently generating a robust income stream across three tenancies all of which are established within this locality. The tenancies have a generic configuration, combined with their size range this will be attractive to a variety of tenants and businesses long term future proofing the asset from a re-letability perspective for the next landlord.

The property occupies an underdeveloped freehold site in the heart of the Browns Bay shopping precinct. Rezoning under the AUP to "Town Centre", the investment is underpinned by residential development potential. Quality freehold investment property in this part of the world is rare, this bank friendly asset will be sold at auction so don't miss out.

Call the sole agents now for further details.