54 Northcote Road, Northcote Simple income, substantial landholding

Available PropertyFiles:

  • /A. Record of Title/
    • Northcote Road 54_Title_NA56B_48.pdf
  • /B. LIM Report/
    • 54 Northcroft Street_LIM Report.pdf
  • /C. Lease Documents/
    • Beer Spot Deed of Lease April 2026.pdf
  • /D. Auckland Council Files/
    • Auckland Council Files_54 Northcote Road.zip
  • /E. Information Memorandum/
    • Northcote Road 54_Information Memorandum.pdf

Property Description

• Established tenant returning $200,000pa + GST and outgoings
• Approximately six years remaining on the current lease term
• Large 2,046sqm freehold site zoned Business - Mixed Use
• High-profile arterial position with excellent visibility and motorway access

54 Northcote Road presents a straightforward passive investment underpinned by a single head lease to established hospitality operator The Beer Spot. The simple lease structure provides dependable holding income without the complexity of managing multiple direct tenancies.

The Beer Spot is responsible for the management of several subtenancies across the property, creating additional income beneath the head lease. This provides a broader underlying occupancy profile while preserving the simplicity and security of a single rental payment to the property owner. This functional building has had a strong occupancy history over the preceding decades of ownership given its exposure and excellent carparking.

The property occupies a substantial freehold landholding on one of the areas main arterial routes, directly off the Northern Motorway. Flexible Business - Mixed Use zoning provides long-term options, while the ongoing regeneration of Northcote's town centre and surrounding residential neighbourhoods is expected to further strengthen the location and underlying land value.

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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.