1056 Beach Road, Torbay, North Shore City, Auckland Income + land = investment gold

Available PropertyFiles:

  • Auckland Council Property Files.zip
  • Lease Documents.zip
  • /Information Memorandum/
    • Beach Road 1056_Information Memorandum.pdf
  • /LIM Report/
    • Beach Road 1056_LIM.pdf
  • /Record of Title/
    • Beach Road 1056_NA49B_452_Title.pdf
  • /Seismic Report/
    • ISA - 1056 Beach Rd, Torbay.pdf

Property Description

• Fully tenanted investment returning $116,948.77pa + GST
• 889sqm (more or less) freehold site
• Local Centre zoning providing future development potential

Situated in the heart of Torbay village on Auckland’s’ North Shore, this commercial block of shops offers a prime, diversified investment opportunity that, with a combination of land area and zoning, provides excellent real estate fundamentals that will look after the next owner well into the future. The property is located on Beach Road, ensuring excellent visibility and consistent foot traffic due to its proximity to key amenities such as supermarkets, cafes, and local services.

With four established tenants’ being a sushi, roast, hairdresser and restaurant businesses and rental rates in the $300/sqm range (on average) this is a sustainable convenience/service retail offering that benefits from its tightly held location with currently zero retail vacancy in the township and ample on-site car parking. Long term the generous landholding and ridgeline position offers a redevelopment proposition that will benefit from the properties coastal position and potential for viewshafts from upper floors.

With the rate cut cycle underway and term deposit rates falling this is an excellent opportunity to beat the bank and secure an investment with strong returns.

For sale by way of Auction (unless sold prior) being held at 11am, Wednesday 4th December 2024, Bayleys House, 30 Gaunt Street, Auckland, New Zealand

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.