50 Lake Road, Northcote, North Shore

Investment Opportunity with Upside

- Stand alone building\n- Multi tenanted investment with add-value opportunity\n- Returning $72,857pa (net) with additional vacant office assessed at $32,960 per annum\n- Fee simple title consisting of 1,208sqm (more or less)\n- Owner occupiers, add value investors and first time commercial buyers\nLocated just 10 minutes from Auckland's CBD and 5 minutes from Highbury and Northcote Centre, the property offers a central location on Lake Road and benefits from good traffic exposure, great access to public transport and is well resourced with 16 allocated car parks and ample on-street parking. \nThe property borders bush reserve on its northern and western boundaries providing an idyllic backdrop for the four tenancies. \nThe opportunity will appeal to owner occupiers, add-value, and passive investors, with its multiple tenancies and potential development opportunity. With the vendor wishing to pursue other interests, there is a real chance to enter the commercial investment market or add to your portfolio.