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Takapuna

507 Lake Road, Takapuna, North Shore

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3,168sqm Floor area
671sqm Land area SQM
20 Offstreet

By Negotiation

Takapuna landmark investment


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.

Matt Mimmack

Matt Mimmack

Director - Commercial

Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Michael Nees

Michael Nees

Commercial, Investment and Development Sales

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

Features

Anchor tenants


Currently returning a net rental of $1,040,212pa + GST and outgoings

Location


Corner position on one of Takapuna's main arterial roads with the upper levels having a view of the Rangitoto Channel and Auckland's CBD

Zoning


Business – Metropolitan Centre zone

Standalone


A fee simple, six level plus basement

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.