High profile corner with excellent cashflow
The price for 1 Lydia Avenue, Northcote has been reduced from $2,550,000 to $2,300,000, representing an attractive return of approximately 6.5%. Fully tenanted (including one minor vendor underwrite), the property benefits from a strong occupancy history, with four tenants having occupied the building for more than a decade. Positioned on a prominent freehold corner site, the revised pricing represents compelling buying, with the motivated vendor prepared to give genuine consideration to offers.
• Fully tenanted mixed-use investment returning $150,037.28pa and outgoings
• Diversified income stream across multiple tenancies
• 607sqm freehold corner site with 467sqm of floor area
• Elevated ridgeline position with views toward Auckland City and development potential
Positioned on a prominent corner site in Northcote, 1 Lydia Avenue presents a fully leased mixed-use investment underpinned by diversified income and long-term land value. The property is now fully tenanted and returning $150,037.28pa and outgoings, providing investors with split-risk income across multiple occupiers in an established suburban commercial location.
Comprising approximately 467sqm of building area on a 607sqm freehold site, the property combines immediate cashflow with future flexibility. Its Business - Neighbourhood Centre zoning, corner profile and elevated ridgeline position provide strong fundamentals for investors seeking a passive holding income today with longer-term redevelopment upside.
Held by the same family since construction and offered to the market for the first time, this is a rare opportunity to secure a fully leased investment with genuine underlying land value in a tightly held North Shore location.
• Fully tenanted mixed-use investment returning $150,037.28pa and outgoings
• Diversified income stream across multiple tenancies
• 607sqm freehold corner site with 467sqm of floor area
• Elevated ridgeline position with views toward Auckland City and development potential
Positioned on a prominent corner site in Northcote, 1 Lydia Avenue presents a fully leased mixed-use investment underpinned by diversified income and long-term land value. The property is now fully tenanted and returning $150,037.28pa and outgoings, providing investors with split-risk income across multiple occupiers in an established suburban commercial location.
Comprising approximately 467sqm of building area on a 607sqm freehold site, the property combines immediate cashflow with future flexibility. Its Business - Neighbourhood Centre zoning, corner profile and elevated ridgeline position provide strong fundamentals for investors seeking a passive holding income today with longer-term redevelopment upside.
Held by the same family since construction and offered to the market for the first time, this is a rare opportunity to secure a fully leased investment with genuine underlying land value in a tightly held North Shore location.
Key features
High stud
High profile suburban mixed-use investment with multiple income streams
Opportunity
High profile suburban mixed-use investment with multiple income streams
Exposure
Elevated ridgeline position with sweeping Auckland city views in a well-connected North Shore location
Zoning
Business - Neighbourhood Centre
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