Award Winning Melbourne Lane way in Takapuna

40, Hurstmere Road, Takapuna, Takapuna, North Shore City

Price On Application

Proposed Usage
Retail
Floor Area
1569.00 m²
Description:
Property ID
1c4tsp8



In 2015 works began to transform what was a large retail space with 1st floor office into an exciting hospitality laneway in central Takapuna. The vision and dedication of the vendor and his team was rewarded in 2016 winning The NZ Architectural Award for Hospitality and Retail http://www.nzia.co.nz/practice/McKinneyWindeattArchitectsLtd/3194

This mixed use complex is situated on a freehold title of 1,569m2 with a total building area of 1,495m2. Seven ground floor tenancies ranging from 46m2 to 188m2 adjoin the laneway with a further two facing the refurbished plus an additional three 1st floor office tenants complete this split risk investment opportunity.

Hand picked tenants were chosen to achieve a complimentary mix of food and beverage offerings. The vision of a Melbourne Laneway was achieved by using recycled bricks, raw concrete and a new façade that reinterprets both Art Deco and Victorian references. Featuring a cobbled walkway, extensive lighting and retractable roof in the courtyard creating an exceptional dining experience.

Takapuna is an affluent North shore suburb with some of the most expensive residential real estate in Auckland with the commercial precinct adjoining the popular Takapuna beach. Takapuna is renowned for its vibrant yet relaxed seaside community offering large numbers of restaurants and cafes, Cinema, Bruce Mason Theatre, North Shore Shopping Mall.

From 12 separate income streams and Lease terms ranging from 3 to 8 years with varying expiry dates and rent reviews, 40 Hurstmere Road will provide a steady income with attractive rental growth into the future. Fully leased the property has a net annual income of $755,994 + GST approx.

Further information is available by contacting the sole agents. Inspections are welcome by appointment only. 

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Takapuna Area