A, B & C/2, Sanders Avenue, Takapuna, North Shore City

By Negotiation

Proposed Usage
Floor Area
640.00 m²
Property ID

• Corner site of approximately 890m² of land
• Three units with a net return of $172,698 per annum plus OPEX and GST
• Strong rental upside
• Opportunity to buy one, two or all three units
• Option to purchase a standalone residential unit
• 15 car parks on-site (covered and uncovered)
• Zoned: Mixed Use (subject to appeal)

This superb investment is situated on a prominent corner site, only 150 metres from one of Auckland's most popular beaches and alongside some of Takapuna's most premium real estate.

The site consists of two buildings. The front, two level building comprises unit A and B on the ground floor and first floor respectively, along with basement parking. These versatile commercial units are both currently utilised by long standing office tenants, though offers potential for owner occupiers in the future.

The second, three level building situated on Sanders Avenue, being unit C, comprises a combination of residential, office and garage/storage space. Currently utilised as a live and work, this unit would make an exceptional family home in its own right, with its prime location, elevation and contemporary low maintenance design all adding to the Mediterranean character of this versatile Takapuna lifestyle unit.

Strong commercial demand and historically low vacancy rates on the North Shore, in particular Takapuna, are advantageous to the property's current office format, however, the zoning offers up potential for a broad range of uses and further development potential.

Popular restaurants, bars, eateries and boutique retail shopping help cement Takapuna's position as the benchmark for business and lifestyle. This site is perfectly located to take advantage of all this and more.

The property has been exceptionally well maintained, now on the market for the first time decades, this is a rare opportunity to secure a real trophy in Takapuna.

For sale by Deadline Private Treaty closing 4:00pm, Wednesday 29 August 2018 (unless sold prior).

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