Hillcrest - LARGE, CORNER SITE - MULTIPLE INCOME STREAMS

Description

For sale by deadline private treaty closing 4:00pm Thursday 6 June (unless sold prior) Ground Floor, 129 Hurstmere Road, Takapuna.
Located in one of the North Shore's central suburbs, this investment property possesses excellent fundamentals with five income streams from retail and residential tenants while being underpinned by a substantial corner site.
Being situated on an arterial corner site adjoining Eban Avenue and Sylvia Road while directly opposite Willow Park Primary School and multiple Childcare Centres, the existing retail shops benefit from excellent profile, frequent customer traffic throughout the week, convenient customer parking as well as the ability to service a significant catchment of residents. Being ideally sized the shops also enjoy comparatively modest rents.
Hillcrest is a suburb that will continue to see high demand from residents by being centrally located with great access to the Northern Motorway, wider North Shore, and CBD area. Eban Ave is surrounded by popular schools, sports clubs, and numerous other quality amenities and it is strategically positioned for future re-development to a higher and better use.
For a full information pack please feel free to contact the exclusive agents any time.
KEY FEATURES:

• Fee Simple land 1,391m² (more or less)
• Single level buildings 337m² (more or less)
• Approximately 24% site coverage
• Five tenancies providing a split risk income
• Average retail rental rate under $200/m²
• Flat, square, corner site zoned - Neighbourhood Centre
• Highly sought-after, central North Shore location
• An outstanding opportunity for local investors, land bankers, developers or owner-operators