Investment property with development potential

366, Rangatira Road, Beach Haven, North Shore City

$1,750,000

Proposed Usage
Retail
Floor Area
224.00 m²
Land Area
202.00 m²
Description:
Property ID
1c65ss1

• Standalone freehold corner profile site
• A+ Grade seismic assessment rating
• Local centre development opportunity
• The income from the property is $76,500pa + GST and OPEX with annual increases (bi-annually to CPI and two yearly to market.)

The property is located in Beach Haven on Auckland's North Shore. Known as the original butchers shop the building has unique character detailing, high ceilings and stunning steel doors.

It is tenanted by a neighbourhood Lion "Craft Brew" restaurant. This restaurant is locally run by an experienced operator and offers a bistro cafe style breakfast, lunch and dinner menu accompanied by craft beer and good wine.

The property comprises of a standalone freehold corner profile site with a ground level retail premises with a mezzanine space and frontage with a covered veranda. It is a high profile position with effectively three profiles visible from the street. The 202sqm (more or less) of freehold land and 224.8sqm (approximately) building is zoned Local Centre use, with a (113% NBS.) The building is of a concrete structure.

Chances to secure a freehold commercial investment in this tightly held location are uncommon..

Enquire about this property

Beach Haven Area