402-408 Lake Road Takapuna's next apartment development

Available PropertyFiles:

  • /A. CT and Easements/
    • Lake Road 402 NA744_138_Title.pdf
    • Lake Road 404-408 NA437_238_Title.pdf
  • /B. LIM Report/
    • Lake Road 402_ LIM.pdf
    • Lake Road 404-408_LIM.pdf
  • /C. Information Memorandum/
    • Lake Road 402-408_IM_February 2025.pdf
  • /D. Concept Design/
    • 22016_221223 Sanders Ave_Concept Design.pdf
  • /E. Sanders Lake Renders/
    • Sanders Lake Renders.zip
  • /F. Auckland Council Files/
    • Auckland Council File 402 Lake Road.zip
    • Auckland Council Files 404-408 Lake Road.zip

Property Description

Situated on Auckland's North Shore, 402 - 408 Lake Road presents to the market Takapuna's next premium development site.

A 1,104sqm combined holding over two Freehold properties, the site represents a rare opportunity to purchase development site with efficient scale in this location and on the Eastern side of Lake Road. This position will maximise viewshafts from the upper floors of a developed product particularly the easterly aspect looking out over Takapuna Beach and the Hauraki Gulf with occupants being able to walk to the beach without crossing any roads.

Zoned Business-Mixed Use with further upside under plan change 78 being within a walkable catchment from Takapuna Central, the site is primed for a boutique apartment development synergistic with the demand from affluent downsizer's already located in Takapuna looking for high end "lock up and leave" dwellings. An existing vehicle crossing of Sanders Avenue and construction access from this street provide sound development fundamentals.

The vendor is in a position to offer vendor finance to bridge any purchaser into an acquisition, this will be a sought-after offering given the scarcity of sites of this nature.

Expressions of Interest
Closing 4pm, Wednesday 26 March 2025
Bayleys Commercial North Shore, 29 Northcroft Street, Takapuna

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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.