Bayleys is proud to present an opportunity to acquire 507 Lake Rd, Takapuna - A fee simple, six level plus basement, standalone commercial investment that must be considered by all investors looking for an established split-risk investment in a strategic Auckland location.

Located on an enviable corner position on one of Takapuna's main arterial roads, the asset returns a total of $1,040,212pa net, split over 21 tenancies & anchored by longstanding International tenant, occupying an entire floor.

Each floor plate is approximately 560sqm, with the total area being approximately 3,168sqm, along with 20 secure onsite carparks. The upper levels have picture perfect views of the Rangitoto Channel and back to Auckland's CBD.

Astute investors should take consideration of the future add-value opportunities which this building provides under the Business - Metropolitan Centre Zone. Take advantage of what Takapuna has to offer - good eateries, easy parking and one of Auckland's best beaches a short walk away.

Call the joint sole agents now to register your interest, or take a site visit.

Features include

•Freehold standalone investment with add-value potential

•Returning $1,040,212pa net

•Diversified income stream from 21 tenancies

•Six level building plus basement parking

•Add-value opportunity

•Business - Metropolitan Centre zone

•Prime Corner Site

•NBS 68%

Call one of the joint sole agents today for an information pack and access to the property files. All inspections are by appointment only.