1/2 Ngaio Street, Takapuna, North Shore

Entry level Takapuna investment

Herein lies a rare opportunity to secure a bite sized investment in one of the North Shore's most tightly held suburbs. This investment is strategically located in close proximity to the North Shore Hospital and benefits from Zoning upside afforded by the Unitary Plan (up to 18m). The unit comprises of medical consulting rooms and ancillary areas. The tenants business is well established and has been in operation since 2004.

With vacancy rates across the area at historical lows, subsequent tenant demand has stimulated significant rental growth for units of this nature which is yet to be recognised. This demand, lack of greenfield development sites and cost of construction all adds up to an affordable opportunity that you will struggle to replace in the future.

For further information please don't hesitate to contact the sole agents today.