521-529 Lake Road, Takapuna, Auckland Takapuna landmark with scale
Tweet
Available PropertyFiles:
- /A. Record of Titles & Interests/
- 162869_Inst.pdf
- B164411_3_Inst.pdf
- Lake Road 521_NA56D_1381.pdf
- Lake Road 529_NA363_114.pdf
- /B. LIM Reports/
- Lake Road 521_LIM_09.2023.pdf
- Lake Road 529_LIM_09.2023.pdf
- /C. Lease Documentation - 521 Lake Road/
- DOL Brand Developers Ltd.pdf
- Deed of Variation - Dec 16 Brand Developers .pdf
- WINZ - DOL Ministry of Social Development.pdf
- WINZ Deed of extension and variation of lease - extend to 31 March 2025.PDF
- WINZ Signed Deed of Variation to extend lease to 31 March 2024.pdf
- /C. Lease Documentation - 529 Lake Road/
- Ground Floor -DOL Allfit Gym .pdf
- Shop 1 DOL - Sea of Ink 1 Oct 2021.PDF
- Shop 3 Deed of Lease Sooyun Ltd - NEW April 2021.PDF
- Shop 3 Variation to extend lease to 5 April 2024.pdf
- Shop 5 - ATL - Coffee Cabin .pdf
- Shop 6&7 Assign of Lease DKF to Uoneforu.PDF
- Shop 6&7 Assign of lease - Douyou to DKF .pdf
- Shop 6&7 Assign of lease - MK Co Ltd to Douyou .pdf
- Shop 6&7 DOL - Apine .pdf
- Top Floor- DOL Premier.pdf
- /D. Seismic reports/
- 521 Lake Road MM Seismic Assessment.pdf
- 529 Seismic Report.pdf
- /E. Plans & other reports/
- Floor Plan L 1.pdf
- Floor Plan L 2.pdf
- Floor Plan L 3.pdf
- Furniture Plan L 1.pdf
- Furniture Plan L 2.pdf
- Furniture Plan L 3.pdf
- /F. Information memorandum/
- Lake Road 521 and 529_IM - International Tender 2023 - Sept 2023.pdf
- /G. Opex budgets/
- Budget for Opex 521.xlsx
- OPEX - 529Lake Road - Budgets.xlsx
Property Description
• Convert, develop, occupy or invest• Two large freehold commercial sites with a combined land area of 3,546sqm (more or less)
• Opportunity to secure one or both offerings with Metropolitan Centre zoning
• Current combined rental income of $2,688,395.44pa + GST
• Busy corner location next to the Shore City Shopping Centre
• 71 car parking spaces and spare land adjacent
Presented to the open market are two significant freehold sites located at 521 and 529 Lake Road, Takapuna.
The offerings present as two well-maintained office buildings in central Takapuna showcasing a rare opportunity to acquire one or both assets of scale in such a tightly held locality with expansion land adjacent.
The existing tenancy profile lends itself to multiple investment options. These include redevelopment and conversion opportunities, as well as add-value and passive investors, taking advantage of the Metropolitan Centre zoning with an unlimited height overlay that is exclusive to only four blocks in Takapuna.
Make your mark, unlock the potential and take advantage of this exciting opportunity before new leases are negotiated.
521 Lake Road:
Floor area: 4,882sqm (approximately)
Land area: 2,587sqm (more or less)
Car parks: 71
Rental: $1,864,609pa + GST
529 Lake Road:
Floor area: 2,154sqm (approximately)
Land area: 959sqm (more or less)
Rental: $823,786.44pa + GST
For sale by way of International Tender (unless sold prior) closing Thursday, 9 November 2023 at Bayleys Commercial, 29 Northcroft Street, Takapuna, Auckland.
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.
5. By registering you give consent to receive newsletters from the listing agent and/or PropertyFiles which you may unsubscribe from anytime.
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
Contact Ranjan Unka
Bayleys Real Estate Limited
Licenced under the REAA 2008
+64 9 489 0988 +64 21 711 755 ranjan.unka@bayleys.co.nz All Listings
Ranjan has been a Commercial and Industrial salesperson since 2007. During this time he has negotiated a significant number of sales and leasing transactions on the North Shore.
With over 15 years of sales and marketing experience in both retail and wholesale he certainly knows what it takes to become a successful salesperson.
As Director and Manager of the investment team for the North Shore Commercial office, Ranjan prides himself in providing a high standard of service to his clients. Along with his easy going personality he also demonstrates strong people skills and work ethics. He has developed a depth of experience through the many transactions he has negotiated which is valued by his many clients. Ranjan’s focus is selling Commercial and Industrial Investment properties in the greater North Shore area.
