Great views from Birkenhead building

5:00 AM Saturday November 12, 2016 True Commercial

The building at 12 Birkenhead Avenue, identified with a red border, will be auctioned on November 29

A three-level building with uninterrupted views of the Hauraki Gulf and Auckland CBD is for sale at 12 Birkenhead Ave.

The building generates an annual gross holding income of $75,000, says NAI Harcourts agent Isaac Tankard, who is marketing the property with colleague Jerry Zheng.

The building — which occupies a high-profile 837sq m site on one of Birkenhead’s busiest roads — will be auctioned on November 29, unless sold earlier by negotiation.

Tankard says 12 Birkenhead Avenue is zoned “Town Centre” under the Unitary Plan, which means it could potentially be developed to a height of 27m.

“It is in the commercial centre Birkenhead, so there is obvious redevelopment potential that any new owner should seriously look at,” he says.

The surrounding commercial area comprise of a range of retail and office spaces, with three major banks located within 50m of the property.

Retail shopping is also available within the Highbury Shopping Centre immediately to the rear.

Tankard says Birkenhead Avenue has seen significant growth and revitalisation in recent years, with several public and private developments, such as the nearby Birkenhead library and Sugar Lane apartments. The surrounding area has also seen unprecedented demand for housing in the past five years.

The building has about 884sq m of floor space spread across its three levels.

There are two tenants on the ground floor, a retail shop occupying 91sq m and paying $22,000, and a Chinese restaurant occupying 153sq m and paying $53,000.

The first floor (now vacant) includes a bar area, walk-in chiller, male and female toilets and a mezzanine area. It is accessible from Birkenhead Avenue and the rear of the building and has a total leasable area of 248sq m.

The second floor has wide views of the Hauraki Gulf and includes several offices, a commercial kitchen, bar area, male and female toilets and a leasable floor area of 392sq m.

Originally constructed in the 1970s, the building was occupied by the Northcote and Birkenhead Tigers League Club, which used the first and second floor as clubrooms.

The building has reinforced concrete floors, concrete block exterior and long-run iron roofing with internal guttering.

Access to the rear of the property and car parking is via a walkway on the southern boundary of the property and via a right of way off Mokoia Rd. It is on the western side of Birkenhead Avenue, 160m from Onewa Rd, which links Birkenhead to the Northern Motorway.

Zheng says the property is attractive to owner-occupiers who could use the first and second floor for a restaurant, church or office space.

“This property has it all. It’s in a busy location and there is the possibility to immediately improve on the returning income, as well as develop in the future.”