46 Hurstmere Road, Takapuna, North Shore

Passive investment in Takapuna's retail heart

• 473sqm (more or less) freehold building over two levels with 70% NBS
• Fully leased across five established tenancies returning $285,153.07pa + GST and outgoings
• Anchored by Starbucks on a 12-year lease to 2031

46 Hurstmere Road presents an exceptional opportunity to acquire a high-profile commercial asset in the heart of Takapuna. Anchored by global brand Starbucks, the property offers long-term income security and exposure in one of Auckland's most vibrant metropolitan centres.

This well-maintained 473sqm (more or less) two-level commercial building occupies a prominent corner site at the entrance of Parkway Arcade. It sits within the Business - Metropolitan Centre zone, offering future flexibility and development upside in a tightly held location. The building benefits from its proximity to major amenities including Takapuna Beach, Lake Pupuke, extensive retail, dining, and
public transport.

In December 2024, retail spending in Takapuna rose 3.1% year-on-year while Auckland overall declined about 2.1% during the same period. Transaction volume also increased by 4.3% demonstrating the strong defensive qualities of this high socio-economic location which underpin the property.