327 Lake Road, Hauraki Medical income X major land upside

Available PropertyFiles:

  • /A. Record of Title/
    • Lake Road 327_NA47B_1144_Title.pdf
    • Lake Road 327_NA47B_1145_Title.pdf
  • /B. Lease Documents/
    • 01. Deed of variation of lease - Hauraki(63465955.4).pdf
    • 02. Renewal of Lease May 2023 327 Lake Road Hauraki.msg
    • 03. Lease - Frank Hayes(58821231.1).pdf
    • 04. Renewal of Lease Frank Hayes2025(71799718.1).pdf
    • 05. Renewal of Lease Medplus Pharmacy(64016871.1).pdf
    • 06. Deed of variation Medplus Pharmacy (70762363.1).pdf
    • 07. Lease - Medplus Pharmacy(58821543.1).pdf
    • 08. Lease Medplus Lake Road - signed(63596755.1).pdf
    • 09. Lease Habit Health 2022(63596942.1).pdf
    • 10. Lease - Auckland Radiology Group(58821559.1).pdf

Property Description

• Secure medical investment on a landmark corner site of 2,395sqm (more or less)
• Blue-chip tenant profile anchored by Medplus General Practice, a subsidiary of listed healthcare provider Green Cross Health (GXH)
• Develop or landbank with significant redevelopment potential in a premium coastal catchment, moments from Takapuna Beach

Positioned on the peninsula’s main arterial route and surrounded by an established residential and commercial catchment, 327 Lake Road is a tightly held style of asset, a proven medical centre with genuine profile, scale and convenience for both tenants and customers. The investment proposition is underpinned by resilient, non-discretionary healthcare demand and a diversified service offering. Anchored by Medplus General Practice (Green Cross Health – NZX listed), the centre is complemented by a range of allied health occupiers being a long standing tenancy mix and important resource for the local community.
Beyond the income, the underlying landholding is the real differentiator. This prominent corner site, so close to Takapuna’s coastline presents compelling mixeduse potential, with scope to reimagine the property into a premium residential offering that leverages the location and outlook.

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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.