Development gem in a premium Auckland location
402, Lake Road, Takapuna, North Shore City
Price On Application
- Proposed Usage
- Development Site
- Land Area
- 551.00 m²
- Property ID
• Superior exposure in the business heart of Takapuna
• 551sqm (more or less) fee simple land holding zoned Mixed Use with height variation control Takapuna 18m
• Holding income of $36,400pa + GST
• Strategic location fronting on to a main centre street
This superb fee simple site offers a rare opportunity to secure a valuable piece of land with holding income in the major suburb of Takapuna, Auckland. Leased to Wilson Parking New Zealand Limited there's a current income of $36,400pa + GST, with annual 3% rent increases. The flexible Business - Mixed Use zone provides generous scope for new builds, from single-level to intensive multi-level development (residential, commercial).
Holding a profile position in the heart of vibrant Takapuna, development here has potential to play an integral role in the present-day re-shape of this flourishing business precinct. The local surrounds offer a good mix of street front and shopping mall retail and office accommodation, all supported by a large residential catchment.
Sites of this nature will appeal to cashed up land bankers, active add-value investors, and property developers..