438 Lake Road

Available PropertyFiles:

  • /Certificate of Title/
    • Lake Road 438_CT.pdf
  • /IEP Report/
    • IEP Report.pdf
  • /LIM/
    • Lake Road 438_LIM.pdf
  • /Lease Documentation/
    • Lake Road 438 Shop A_Deed of Lease.pdf
    • Lake Road 438 Shop B_Deed of Lease.pdf
  • /Title Instruments/
    • Lake Road 438_GN 081876.1.pdf
    • Lake Road 438_PSE 279343.7.pdf
    • Lake Road 438_TE 644511.pdf

Property Description

• Diversified income stream returning $144,900.69pa + GST across three tenancies
• Seismic rating of 70% NBS
• Freehold Metropolitan Centre zoned site

Situated in the heart of the Takapuna commercial precinct sits a premium investment opportunity underpinned by a diversified income stream and Metropolitan Centre zoned land suitable for apartment redevelopment in the long term.

The property has exceptional frontage and the exposure of the tenancies is maximised by its position fronting the intersection of Byron Ave and Lake Road. A functional building with access via a rear service lane for each tenancy, the properties two largest tenancies accounting for over 75% of the contracted rental income have not had a day of vacancy since the current owner purchased the property in 2007 being a testament to the calibre of the investment.

Prospective purchasers can take confidence in the value of the underlying land and potential of a high intensity redevelopment site with sea views from upper floors in one of Auckland's premier destinations . Proximity to public transport, Auckland CBD and of course Takapuna's famous beach and lifestyle that comes with it makes for a compelling opportunity.

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Michael Nees

Bayleys Real Estate Limited

Licenced under the REAA 2008

+64 9 489 0963   +64 21 182 3085   michael.nees@bayleys.co.nz   All Listings

Michael is a Senior Broker at Bayleys Commercial on the North Shore. Specialising in Investment Sales, Michael has concluded in excess of $200 million of transactions of this nature and has been a top 5 Broker at Bayleys North Shore for the last 3 years.

Recognised as one of the leading Investment Sales Brokers across all agencies on the North Shore, Michael has amassed numerous accolades in his career including membership to a distinguished national group of brokers under the age of 35 to achieve specific key performance indicators.

This blend of experience and results combined with a youthful passion and enthusiasm for his work has produced an impressive track record of record prices/yields and a reputation for being able to conclude some of the most challenging transactions in the market in recent memory.

Michaels philosophy is simple, to add value to his clients transactions by any ethical means necessary. Armed with a Degree in Property Valuation and Management and a determined and tenacious nature this often involves going beyond the “extra mile” to achieve the best outcome for his valued clients.

Michael has a proud North Shore heritage being a Rangitoto College and Massey University alumni and is passionate about the future of the region.