402 Lake Road, Takapuna, North Shore

Selling for a steal! $2.4m!

• Resource consent approved 23 December 2021 for multi-story commercial plus residentials
• Valuation report shows $3.15m
• 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.