Browns Bay - STANDALONE AND MULTIPLE TENANTED INVESTMENT

Price Tender
Location 748 Beach Road, Browns Bay
Type Commercial & Industrial Industrial to Buy
Floor Area 1730 m2
Listing No # 83715
Listed 22/05/2020
Views 2

Description

Tender: Closes on Thursday 25 June 2020 at 4:00PM (unless sold prior)

748-750 Beach Road is a fantastic property with so much to offer in its current format, as well as its future prospects under the zoning of Business - Mixed Use. Located on busy Beach Road, the main arterial road through Browns Bay, positioned road front and capitalizing on all the exposure.

The premises currently hold six tenancies, with a net return of $298,650.00. The tenancies comprise a mixture of uses - retail, office and warehousing - with various lease terms and conditions. These tenancies occupy the building area of approximately 1,730m². The building is supplemented by a very large car park.

The Freehold parcel of land totals 2,076m², favourably zoned Business - Mixed Use with future redevelopment prospects to accommodate both commercial and residential occupation. Evidence of this opportunity is currently being capitalized with other sites in the vicinity.

Browns Bay is a popular location and one of the larger town centres on the North Shore, servicing the surrounding developing East Coast Bays.

748-750 Beach Road is packed with opportunity - for further information and to arrange a viewing contact the sole agents, Bruce Jiao or Gary Seekup.

KEY FEATURES:

  • Prime Freehold land of 2,076m²
  • Multiple tenancies returning net $298,650.00
  • Road front location
  • Favourable Business - Mixed Use zoning
  • Call the sole agents for an information pack

    Please visit barfoot.co.nz for viewing guidance during COVID-19.

Contact our agents

Bruce Jiao

P: 09 359 7881
M: 021 818 077

Barfoot & Thompson Ltd (Licensed: REAA 2008) - North Shore

129 Hurstmere Road
Takapuna
AUCKLAND , 0622

Gary Seekup

M: 027 226 9880

Barfoot & Thompson Ltd (Licensed: REAA 2008) - North Shore

129 Hurstmere Road
Takapuna
AUCKLAND , 0622
RealEstate Agents contact details and original listing on www.realestate.co.nz -