Affordable, prime mixed use opportunity

473, Lake Road, Takapuna, North Shore City

Auction

Proposed Usage
Retail
Description:
Property ID
1c5d3t7

- Two level freehold standalone property in top location
- Two tenants - ground floor restaurant and upstairs apartment
- Total return approximately $57,429pa + GST and outgoings
- Favourable Business Metropolitan Centre zoning allows high rise development
- Suitable for a wide range of investors

This is a rare opportunity to secure an affordable freehold investment in the heart of Takapuna. The property provides a well-established ground floor restaurant, very tidy apartment on level one and a spacious freestanding carparking area at the rear.The property has been refurbished over the last few years. Works completed include a new roof, internal fit-out of restaurant and apartment.

Location, location, location! Beautiful Takapuna beach is at your doorstep. Take advantage of all the amenities that are within walking distance. This outstanding investment offers secure income with significant future development given the underlying Business Metropolitan Centre zoning.

Tenure Fee simple (Freehold)
Land Area 197sqm (more or less)
Floor Area approximately 130sqm
Car parks Multiple freestanding car parks
Restaurant Rent $37,692pa + GST and outgoings
Apartment Rent $426 per week including water
Zoning Business - Metropolitan Centre.

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Takapuna Area