368 Beach Road, Mairangi Bay, North Shore

Trophy corner in trophy location

- Sought after Mairangi Bay village locality
- Diversified income stream of $207,472 + GST and outgoings
- 836sqm (more or less) high profile freehold corner site
- Local Centre zoning under AUP (OP) (with consented apartment development)

One of the most special properties offered to the market on the North Shore for 2018, 368 Beach Road represents a rare opportunity to acquire a significant holding in one of Auckland's most tightly held suburbs.

Situated on a prominent corner site in the prestigious coastal suburb of Mairangi Bay, the property is one of only a handful of commercial sites that services a wide residential catchment consisting of some of Auckland's most beautiful houses that are home to a high socioeconomic demographic. Underpinned by its proximity to Mairangi Bay beach and desirable livability, this is a land holding with income that will prove a lucrative investment for years to come.

The tenancy profile consists of a range of retailers, hospitality and office occupiers with the income balanced strategically over five individual tenancies. With several tenants entrenched in Mairangi Bay for some years and modest existing rental rates the property offers a sustainable, diversified cashflow.

Deadline Private Treaty (unless sold prior)
Closing at 4pm, Thursday 25th October 2018
29 Northcroft Street,
Takapuna, Auckland.