507 Lake Road, Takapuna, North Shore City Takapuna Landmark Investment

Available PropertyFiles:

  • Auckland Council Property Files.zip
  • Building Services.zip
  • Compliance.zip
  • Floor Plans and PINZ Measures.zip
  • Information memorandum.zip
  • Insurance.zip
  • LIM report.zip
  • Leases.zip
  • Rent and OPEX.zip
  • Titles.zip

Property Description

Bayleys is proud to present an opportunity to acquire 507 Lake Rd, Takapuna - A fee simple, six level plus basement, standalone commercial investment that must be considered by all investors looking for an established split-risk investment in a strategic Auckland location.

Located on an enviable corner position on one of Takapuna's main arterial roads, the asset returns a total of $1,035,838 pa net, split over 21 tenancies & anchored by longstanding International tenant, occupying an entire floor.

Each floor plate is approximately 560sqm, with the total area being approximately 3,168sqm, along with 20 secure onsite carparks. The upper levels have picture perfect views of the Rangitoto Channel and back to Auckland's CBD.

Astute investors should take consideration of the future add-value opportunities which this building provides under the Business - Metropolitan Centre Zone. Take advantage of what Takapuna has to offer - good eateries, easy parking and one of Auckland's best beaches a short walk away.

Call the joint sole agents now to register your interest, or take a site visit.

Features include
• Freehold standalone investment with add-value potential
• Returning $1,035,838pa net
• Diversified income stream from 21 tenancies
• Six level building plus basement parking
• Add-value opportunity
• Business - Metropolitan Centre zone
• Prime Corner Site
• NBS 68%

For sale by way of Tender (unless sold prior), closing 4pm, 10th March 2022

Call one of the joint sole agents today for an information pack and access to the property files. All inspections are by appointment only.

Please fill in the form below and we'll email you a link to download the PropertyFiles, instantly.


Terms of Supply

By accepting the information contained in this PropertyFile, I acknowledge I have read, understood and accepted the terms on which the information is made available.
1. Where information is supplied by the agent to customers, the information is information in possession of the Vendor(s) that the Vendor(s) are making available to the customer without endorsement.
2. No representation is made by the agent or the Vendor(s) as to the accuracy, or to the reliability, of any information made available to the customers.
3. The customer will seek such advice and explanation the customer may require from an independent specialist of their choosing.
4. Should the purchaser decide not to obtain their own specialist advice, they are deemed to have satisfied themselves on all aspects of the property and are buying solely in reliance on their own judgement and contrary to the recommendation of the agent.
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Contact Matt Mimmack

Bayleys Real Estate Limited

Licenced under REA 2008

+64 21 229 5878   matt.mimmack@bayleys.co.nz   All Listings

With over sixteen years specialising in selling and leasing North Shore Industrial Real Estate, Matt has been the influential catalyst of a number of large transactions in the area and throughout the country.

Appointed Director of Bayleys Commercial North Shore with management experience, Matt has the knowledge and experience to assist you with your commercial requirements. Priding himself on uncompromised standards Matt has an ability to deliver exceptional results for his clients.

After initially training with the Bayleys Property College and being a chosen apprentice for Bayleys North Shore Commercial, Matt became a Bayleys ‘Rookie of the Year’ in his first year in the industry.

This has carried through to being the North Shores top commercial agent for the last 5 years with over 400 million dollars worth of sales concluded to date.

Being an avid sportsman with drive and a will to win, Matt has all the attributes of a successful Agent to achieve the best results for you.

Achievements:
Bayleys Top Achiever Trips 2014 – 2019
Bayleys Top 10% 2015
Bayleys Top 5% 2016 - 20222
Bayleys BRE Top Achiever Trip 2017 & 2023
Bayleys North Shore Commercial Top Agent for 2017 - 2023