53-55 Victoria Road, Devonport, Auckland Prized investment with reliable income

Available PropertyFiles:

  • /A. Record of Title/
    • Victoria Road 53-55_NA567-243.pdf
  • /B. LIM Report/
    • Victoria Road 53-55_LIM Report.pdf
  • /C. Lease Documentation/
    • Unit 1 - Wine Bar Lease - 2021.pdf
    • Unit 2 Barber - Two Chairs Lease 2019.pdf
    • Unit 2 Deed of Renewal Two Chairs - 2023.pdf
    • Unit 3 - House of Travel Lease - 2015.pdf
    • Unit 3 Deed of Renewal House Of Travel - 2023.pdf
    • Unit 4 Beauty Clinic Lease 2003.pdf
    • Unit 4 Deed of Renewal 2022.pdf
    • Unit 4 Deed of Renewal and Variation - 2016.pdf
  • /D. Building Reports/
    • IEP Auck Council 53-55 Victoria Rd .pdf
  • /F. Auckland Council Property Files/
    • Victoria Road 53-55_Auckland Council Property Files_Zipped.zip

Property Description

• Freehold site in Devonport Town Centre
• Returning $133,307pa + GST and outgoings from four tenancies
• Well-maintained building owned by local landlord for 30-plus years

Situated in the tightly held township of Devonport and fresh to the market, 53-55 Victoria Road presents a beautiful investment opportunity with a diverse income stream and an excellent position on Victoria Road.

The property comprises three functionally sized and configured retail tenancies and a single first-floor tenancy occupied by a beauty therapy salon that has been in occupation for over 30 years. All of the tenants benefit from the high profile and central Devonport location.

Devonport is situated only five minutes by ferry from Auckland City Centre and it is currently experiencing a wealth of private investment from several landlords which will continue to unlock the potential of this charmingly unique and affluent seaside suburb

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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.