Present all offers - must be sold
A/71-73, Clyde Road, Browns Bay, North Shore City
- Proposed Usage
- Floor Area
- 265.00 m²
- Property ID
•Owner occupier or add value investor
•Priced below Government Valuation - Motivated Vendor
•Floor area 265sqm (approx.)
•Town Centre Zone (AUP)
For the first time in nearly 20 years, a rare opportunity to secure a sizeable premise in one of the North Shore's most tightly held suburbs- Browns Bay has arisen. Tenancies of this size in such close proximity to Browns Bay Beach seldom come to the market. The unit comprises 265sqm of open retail/ ancillary areas adjoining one of only a few access lanes from Clyde Road to the Beach. This opportunity benefits from a flexible underlying Zoning (Town Centre Zone) allowing for a wide range of activities.
With vacancy rates across the area at historical lows, subsequent tenant demand has stimulated significant rental growth for units of this nature which is yet to be recognised. This demand, lack of greenfield development sites and cost of construction all adds up to an affordable opportunity that you will struggle to replace in the future.