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Devonport

31A Bartley Terrace, Devonport, North Shore

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850sqm Floor area

For Sale by Negotiation

Devonport asset with significant upside


Offered to the market for the first time since built - this modern property on Bartley Terrace is located in the picturesque seaside suburb of Devonport, just 12 minutes by ferry to the Auckland CBD.

The property offers a diversified cash flow anchored by two retail tenancies on the ground floor and office tenancies on the upper levels. The nature of the site also makes for a logical redevelopment opportunity in the future. Its position and zoning provide the potential for apartment schemes to be explored on the property in the years to come. Alternatively, you could bank the existing return while the land and buildings appreciate over time.

Rarely do commercial assets of this nature come to the open market in Devonport. Take the opportunity to maximise the potential by developing, occupying or leasing out the remaining vacancies.

• Diversified income stream currently returning $249,053.25pa + GST with upside
• A+ seismic grade
• Town Centre zoning
• The property sits on 318sqm of freehold land in two titles next to New World
• Minutes' walk from the ferry building and town centre

All viewings are by appointment only.

Please call the sole agents Matt Mimmack 021 229 5878 or Mike Adams 021 977 527 for further details.

Matt Mimmack

Matt Mimmack

Director - Commercial

Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Mike Adams

Mike Adams

Commercial, Investment and Industrial Sales and Leasing

Bayleys Real Estate Ltd, Auckland Central,
Licensed under the REA Act 2008

Features

Opportunity


Multi tenanted investment

Passing Income


Returning $249,053.25 net pa

Seismic (NBS Rating)


A+ seismic grade Freehold site on two titles

Zoning


Business - Town Centre zoning

Have your questions answered

Our agents are experts on all things in the property market, if you haven't found what you're looking for, please enquire with the listing agent now to have all of your property questions answered.

Request more information

Contact us and have your questions answered.