1, 2, 3, 10, 11, and 12, 27 Mokoia Road, Birkenhead, North Shore

7% + split risk return

• Prominent split-risk, mixed-use freehold investment
• Three commercial tenants on the ground floor and three residential tenancies on the first floor.
• Favourable Business Town Centre zoning allowing for intensive redevelopment
• Returning a combined income of $108,629.01pa (approx. at present), full notional rental $131,769.01pa (approx.)

Offering an attractive split risk, mixed use investment opportunity encompassing three ground floor retail units and three first floor residential units with harbour & sea views. It is part of a thirteen unit development, of which six are available for sale in one parcel.

With a diversified income stream from six tenants including a boutique clothing store, a craft store and a florist, as well as the three residential units; the property offers add value potential with the third residential tenancy currently vacant and the potential repositioning of the commercial leases.

It is strategically positioned adjacent to Highbury Mall amongst well established and entrenched national brand tenants including Countdown, Barbershop Co, Life Pharmacy and KFC. The property also benefits from ease of access to motorway networks and is within a short distance to the Auckland CBD.

Our Vendor is motivated and wishes to sell. For further information, please contact the Sole Agent today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Michael Nees
021 182 3085
michael.nees@bayleys.co.nz