Property Description

• Prominent split-risk freehold retail investment
• Fully occupied with five tenants anchored by longstanding international brand “Starbucks” with 70% seismic rating
• Returning a combined income of $265,854pa + GST and outgoings

This attractive investment offers to the market an opportunity for savvy investors to acquire a rarely available freehold property in the heart of Takapuna. The property is positioned in a strategic location with dual frontages including a laneway that connects the newly transformed Hurstmere Road site with the Anzac Street car park.

The property comprises three ground floor retail tenants and two upper floor tenancies which includes a well-known and established Yoga studio. This mix of tenants and tenancy types provides a diversified income stream.

The Anzac Street car park, adjacent to Hurstmere Road and accessible via the aforementioned laneway, is currently undergoing a $400m mixed-use redevelopment over five sites by Willis Bond who have completed world class redevelopments such as Wynyard Quarter. This will add considerable foot traffic to the immediate vicinity and benefit the subject property for years to come.