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Browns Bay

54 and 58 Clyde Road, Browns Bay, North Shore

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757sqm Floor area

Buy one or buy both!


• Prime corner investment with future re-development -18m height limit
• Split-risk opportunity across two fee simple titles
• Multiple tenancies with strong tenant covenant
• A must for all investors and developers to explore this opportunity

Situated on a prime corner site on two fee simple titles provides an excellent offering to all investors and developers to buy one or both properties.

54 Clyde Road returning $167,581pa + GST and outgoings
58 Clyde Road returning $134,500pa + GST and outgoings

The property represents a premium investment opportunity as a foothold in one of the North Shores' most desirable coastal suburbs, Browns Bay.

The current income generated by the property which provides a substantial return for the next landlord is de-risked across several tenancies with an underlying land value providing a development opportunity to be pursued onsite in the future. This is the best of both worlds investment being a commercial return/yield with capital growth correlated directly to residential house prices given the zonings allowance for apartment redevelopment. Call today for further information.

For Sale by Deadline Private Treaty
(unless sold prior)

17
Mar

Time4pm
Calander
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Ranjan Unka

Ranjan Unka


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

Michael Nees


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

Features

Asset


The property represents a premium investment opportunity as a foothold in one of the North Shores most desirable coastal suburbs, Browns Bay

Location


Prime corner investment with future re-development – 18m height limit

Tenancy Details


The property is currently fully leased producing a net income of $302,081pa + GST and outgoings. Full tenancy details are available on request.