Takapuna - add value with holding income
1/95, Hurstmere Road, Takapuna, North Shore City
- Proposed Usage
- Floor Area
- 303.00 m²
- Auction Date
- 11:00 - Dec 04, 2019
- Property ID
• Freehold strata ground floor retail unit, size 303sqm, with holding income
• Split risk investment with part vacancy ready for owner occupier or add value investors
• Iconic building allocated within Central Takapuna business precinct
• Short walk to Takapuna Beach and all local cafes, restaurants and other facilities
Rare to find opportunity to secure this superb Takapuna property for either owner occupier or astute investor to use high profile medium size retail / showroom space.
The property is configured to provide for three ground retail tenancies. Tenants in occupation of the premises are Bliss Gifts Florist and Smash IT mobile phone repairer generating a holding income of $72,304 pa. + GST; there is a vacancy right in the middle unit of approximately 180sqm with potential rental income of $85,000 pa. + GST.
Consisting over 300sqm of ground level retail and excellent frontage towards a large sunny courtyard, the property is well located within the heart of Hurtsmere Road - one of North Shore foremost retailing and hospitality district, offering a vibrant beachside centre buzzing with award-winning cafes, bars, restaurants and unique boutique style shopping experience.