OVERSEAS OWNER LIQUIDATES - MAKE YOUR MOVE

We have a great property on offer that has so many features to attract all the savvy buyers. Leased to a reputed Law Firm since 2018 and yielding a net income of $33,000 per annum plus GST and outgoings.
• Tenanted Investment
• Yielding $33,000 pa
• Law firm as tenant
• Town centre zoning
• Panoramic sea views
• Annual CPI rent review

The choices are plenty under the zoning when the lease concludes in 2030. Keep it as a commercial unit or later convert it into a mixed-use live and work unit or just make it into a residential unit.

This property is part of a 5-unit corner building overlooking Arkles Bay with scenic sea views towards Rangitoto and Auckland city skyline. Conveniently located within a small commercial block comprising of varied businesses and adjacent to the main shopping mall Coast Plaza and the Whangaparaoa Town Centre. It has good exposure being right on the busy main arterial Whangaparaoa Road with huge passing traffic on the Peninsula.

Renowned businesses nearby include the Hoyts Cinemas, McDonalds, Pizza Hut, and Mitre 10. Only 35 kms from Harbour Bridge, the Whangaparaoa region is experiencing a huge housing growth all around indemnifying not only the commercial but residential aspect as well.

Many new sub-division developments assure the long-term business prospects in the area. Further intensification will continue with the long awaited Penlink Bridge soon to become a reality. Penlink will connect the Motorway from Redvale to Stanmore Bay which will create an alternative access route to the Whangaparaoa Peninsula.

This will be an affordable proposition to commercial buyers but also attract attention from new entry-level investors shifting from residential diversifying for a more balanced portfolio.

Telos Commercial are pleased to be appointed as sole agents so please contact Mustan for more details or to arrange a viewing which is strictly by appointment only.