Trophy investment - asking price $14,600,000
34-36, Barrys Point Road, Takapuna, North Shore City
- Proposed Usage
- Floor Area
- 3556.00 m²
- Land Area
- 2104.00 m²
- Property ID
- Currently returning $916,012 net pa or 6.27%
- Freehold standalone investment property on two titles
- Diversified income stream with two long term anchor tenants
- Zoned Mixed Use under AUP (OP)
- Seismic grade A (89%)
- Total floor area 3,556sqm (approximately)
- Land area 2,104sqm (more or less)
A rare opportunity to secure a substantial asset on Barrys Point Road is available. This trophy investment with recent refurbishments provides a mixture of office and retail tenancies over four levels. Both the tenants and customers benefit from over 100 car parking spaces onsite which is a limited commodity in Takapuna. With eight (8) year leases in place to the buildings anchor tenants, this spread risk investment offers rental growth in the future.
The site has significantly benefited from the recent Auckland Unitary Plan and is now zoned Mixed Use. This zoning allows for greater intensification of the site to incorporate a mixture of commercial, retail and residential uses.
Barrys Point Road is strategically located near SH1 motorway interchanges and is only minutes from Takapuna and the Auckland CBD. There are a diverse range of businesses in the area including a Countdown supermarket, Kiwivelo, Bike Barn, Top Catch, as well as neighbouring cafes, gyms, and automotive repairs.
Currently returning $916,012pa + GST and outgoings from eight separate tenancies. Further tenancy details available on request.