68-76 Clyde Road Coastal Investment On Prime Development Land

Available PropertyFiles:

  • /A. Record of Title and Interests/
    • Instrument 124609.pdf
    • Instrument 12750461_1.pdf
  • /A. Record of Title/
    • Clyde Road 68-76 NA2D_1221_Title.pdf
  • /B. LIM Report/
    • LIM Report_68-76 Clyde Road.pdf
  • /C. Auckland Council files/
    • Auckland Council Files_68-76 Clyde Road.zip

Property Description

• Diversified income of $355,043.34 per annum over a range of tenancy types
• High profile 1,232sqm (more or less) triple fronted site
• Town Centre Zoning allowing for apartment redevelopment up to 18 meters

68-76 Clyde Road presents a compelling investment opportunity underpinned by a diversified income stream and established tenancy profile with significant development potential in the heart of Browns Bay.

The property generates a total net rental of $355,043.34 per annum, spread across eight separate tenancies, providing investors with a balanced and resilient cashflow. The income is supported by a mix of medical, retail, office and service occupiers, including well established local businesses and long-standing tenants, delivering continuity of income, underpinned by a long-standing anchor tenant on a new 5 year lease term. The property's income profile is well diversified, comprising approximately 33% food and beverage, 31% medical, 20% traditional retail, and 15% education/office.

The site's prominent corner position and underlying landholding create a highly logical redevelopment opportunity in the future, with significant upside for a future apartment development above ground-floor commercial capitalising on this sought after coastal location and triple fronted site.

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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.