Unit 2/10 Victoria Road Trophy cashflow investment
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Available PropertyFiles:
- /A. Record of Title/
- Victoria Road 10_863009_ROT.pdf
- Victoria Road 10_961556_Supplementary Record Sheet.pdf
- /C. Lease Documentation/
- (5646225_2) Signed Deed of Assignment - effective date November 2023.PDF
- Agreement to Lease - Retail 2 and 4 - Romantique Imports Ltd.PDF
- Agreement to Lease - Retail 3 - International Fashion Brands Limited.PDF
- BOND FORM - 34333360 - Apartment 10C - 21 September 2023.pdf
- Deed of Lease - AQM 19 Ltd (awaiting execution)-1.pdf
- Deed of Lease - Office 2 - Singlton Mercer Ltd.PDF
- Deed of Lease - Retail 7 - CleanGreenComputers Ltd.PDF
- Post Office Lease [45][5].pdf
- Signed Deed of Lease - R8.PDF
- Tenancy Agreement - Victoria Fox - 31 August 2023.pdf
- /D. Body Corporate/
- Financial Position.pdf
- Owner Invoice - Body Corporate 356433 - Lot PU2.pdf
- Unit PU2 - PCD 21.02.24.pdf
- /E. Information Memorandum/
- Victoria Road 10_Information Memorandum_February 2024.pdf
Property Description
• Quintessential trophy asset• Returns a full notional net rental of circa $300,000pa + GST
• Diversified income stream with 67% and 100% New Building Standards (two structures)
The commercial unit title of this Art Deco masterpiece is one of Devonport’s most iconic properties providing a high-yielding investment opportunity with our vendor providing clear instructions to sell.
Purpose-built in 1938 as Devonport's local post office, the building has been painstakingly refurbished back to its former glory. A colour scheme in keeping with the original palette, ornate ceiling details, glazed atrium and stairwell, and exposed kauri flooring are just some of the outstanding character features of this stunning piece of Devonport history. The property now presents a diversified commercial investment with tenancies across hospitality, retail, office, and accommodation providing a stable income stream with several longstanding tenants.
Located in the picturesque seaside suburb of Devonport, just 12 minutes by ferry to Auckland City Centre, this area has become a tourist destination and one of Auckland's wealthiest suburbs.
If not sold before the end of 2023 a forthcoming Deadline Private Treaty date will be set for 2024.
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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.
Contact Peta Laery
Commercial North Shore Limited, Bayleys
Licensed under the REA Act 2008
021 277 3039 peta.laery@bayleys.co.nz All Listings
Backed by over two decades of experience in New Zealand's dynamic commercial and industrial real estate sector, Peta Laery is a true industry expert who is passionate about achieving success for her clients. As the first female salesperson in the busy Bayleys South Auckland office, Peta has consistently ranked amongst the best at Bayleys, concluding more than $300 million in real estate transactions with a refreshing enthusiasm that consistently wins the business.
With a proven track record of success, Peta has held positions at three of the biggest commercial organizations in the region. She brings the benefit of practical experience and a deep understanding of the systems and processes that remove stress and get results, making her a trusted advisor to high-net-worth clients seeking to maximize the value of their commercial and industrial property investments.
As an Associate Director, Peta has exceptional sales and leasing expertise, spanning the spectrum of commercial and industrial property assets, predominantly focused around the Auckland region. She consistently exceeds the expectations of her clients, offering a balanced approach to service while retaining repeat business from those who rely on her knowledge of the market, including legislative, economic, and council developments.
Aside from her professional pedigree, Peta is a relentless team player, widely respected across the industry for her compassionate contribution to gender parity and young mentorship. She is a qualified First Aider, including mental health, and a trained Big Sister Organization, and King’s Trust (ex-Prince’s Trust) mentor. Peta was a finalist in the NZ Property Council's 'Woman in Property' award for 2022. She served for 6 years on the KFF at Kristin School on Auckland’s North Shore. In her spare time, she loves to travel, ski, fish, and any activity in the outdoors.
