Ripe for Redevelopment


402 Lake Road, Takapuna

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Ripe for Redevelopment | 402 Lake Road, Takapuna | 1504466 |      X Close
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Ripe for Redevelopment


Superior exposure close to Metropolitan Centre Zone

•551sqm (more or less) fee simple land holding zoned Mixed Use

•Hold over income from Wilson Parking on flexible occupancy terms

•Strategic location surrounded by upmarket commercial and residential activities

•Resource Consent application documents/plans available for multi-story apartment/commercial mix

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. Wilson Parking New Zealand Limited occupy under a hold over position based on turnover rent. The flexible Business - Mixed Use zone provides generous scope for new builds, from single-level to intensive multi-level development (residential, commercial).

Resource Consent documents are available on application for twelve (12) two bedroom apartments plus commercial use, and carparks.

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.

402 Lake Road, Takapuna

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