Listing Description
BEACH SIDE INVESTMENT WITH DEVELOPMENT UPSIDE
1-5 Clyde Rd, Browns Bay, North Shore City, Auckland
Details
| Attribute | Value |
|---|---|
| Property use | Industrial |
| Agency reference | 62518 |
| Apply Online | http://www.tmsandbox.co.nz/Browse/Jobs/ApplyOnline.aspx?mode=apply_online&referenceId=4113747&sellerId=0 |
Description
Sought after opportunity for investors and developers in the absolute prime location of Browns Bay. Consisting of a modern 900m²(approximate) office building over three levels.
Located a mere stones throw from the magnificent Browns Bay beach, cafes, shopping and positioned on the through road. Current operative zoning designates a height limit of 12.5metres offering potential of an additional level (subject to consent). Very well maintained with significant recent infrastructure upgrade (including air-conditioning).
This investment is underpinning a long-standing and well established tenant experiencing strong business growth over the past years. Final lease expires end of 2022. Net rental return is $180,000 per annum.
KEY FEATURES
- Section 604m²
- Floor area 900m²
- Five carparks
- Net returns $180,000 pa
- Lease final expiry end of 2022
Do not hesitate to contact the sole agent any time for further information.
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Property Files
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