Split risk Takapuna investment

438 Lake Road, Takapuna


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Split risk Takapuna investment | 438 Lake Road, Takapuna | 1503996 |      X Close

Split risk Takapuna investment

• Diversified income stream returning $144,680.00pa + GST across three tenancies

• Seismic rating of 70% NBS

• Freehold Metropolitan Centre zoned site

Situated in the heart of the Takapuna commercial precinct sits a premium investment opportunity underpinned by a diversified income stream and Metropolitan Centre zoned land suitable for apartment redevelopment in the long term.

The property has exceptional frontage and the exposure of the tenancies is maximised by its position fronting the intersection of Byron Ave and Lake Road. A functional building with access via a rear service lane for each tenancy, the properties two largest tenancies accounting for over 75% of the contracted rental income have not had a day of vacancy since the current owner purchased the property in 2007 being a testament to the calibre of the investment.

Prospective purchasers can take confidence in the value of the underlying land and potential of a high intensity redevelopment site with sea views from upper floors in one of Auckland's premier destinations . Proximity to public transport, Auckland CBD and of course Takapuna's famous beach and lifestyle that comes with it makes for a compelling opportunity.