1 Lydia Avenue, Northcote First time on the market ever - occupy or invest

Available PropertyFiles:

  • /A. Record of Title/
    • Lydia Avenue 1_NA13A_98_Title.pdf
  • /B. Lease Documents/
    • Deed of Lease - Shop 6 - 1 Lydia Ave.pdf
    • Deed of Lease - Shop 1 & 2 - 1 Lydia Ave.pdf
    • Deed of Lease - Shop 3 - 1 Lydia Ave.pdf
    • Deed of Lease - Shop 5.pdf
    • Deed of Variation - Shop 1 & 2 - 1 Lydia Ave (2021).pdf
    • Deed of Variation - Shop 1 & 2 - 1 Lydia Ave (2024).pdf
  • /C. Auckland Council files/
    • 1 Lydia Avenue - Auckland Council Files.zip
  • /D. LIM Report/
    • Lydia Avenue 1_LIM Report.pdf

Property Description

• High profile suburban mixed-use investment with multiple income streams
• Vacant first-floor office provides owner-occupier appeal or scope to convert back to residential use
• Elevated ridgeline position with sweeping Auckland city views in a well connected North Shore location

Positioned on a prominent suburban ridgeline site, this high-profile mixed- use investment offers multiple income streams together with genuine future flexibility. Returning a diversified holding income from the existing tenancies, the real point of difference is the vacant first-floor office which will appeal to owner-occupiers seeking a business base with profile, or purchasers looking to convert the space back to residential use.

Held by the same family since construction and presented to the market for the first time, the building has been maintained with exceptional care throughout its life. Elevated in a ridgeline position with impressive views back toward Auckland city, this is a tightly held asset combining split-risk income, occupancy upside and long term land value in one compelling offering.

The property is partially tenanted, returning a net rental of $93,978.18pa + GST and outgoings. Full tenancy details are available on request.

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Contact Dean Gilbert-Smith

Bayleys Real Estate Limited

Licensed under the REA Act 2008

+64 9 489 0960   +64 21 445 290   dean.gilbert-smith@bayleys.co.nz   All Listings

In partnership with the North Shore Office Leasing Team, Dean works as a commercial sales and leasing agent with specific focus on office leasing and sales in the North Shore area.

Dean brings with him a wealth of sales knowledge with over 10 years of sales experience with Fuji Xerox and Canon. With over five years of experience in commercial real estate, Deans tenacity, in depth knowledge and advanced negotiation skills set him apart from the crowd.

If you value a truly tailored, solutions based approach, a high level of professionalism and unbeatable results, get in touch with Dean today.


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.