510 Mt Eden Road, Mt Eden Unparalleled Mt Eden multi-income investment

Available PropertyFiles:

  • /510 Mt Eden Road - Promotional Video/
    • 510 Mt Eden Road (1) (1).mp4
  • /Information Memorandum/
    • PIM - Mt Eden Rd, 510 15.02.pdf
  • /LIM Report/
    • LIM - Mt Eden Rd, 510.pdf
  • /Lease Documentation/
    • 2015 Deed of Lease - Indian Lounge Ltd.pdf
    • 2017 Deed of Variation of Lease - Indian Lounge Ltd (1).pdf
    • 2022 CPI Rent Review Notice - Indian Lounge (Actioned 23).pdf
    • 510A Residential Tenancy Agreement - Signed & Redacted.pdf
    • 510B Residential Tenancy Agreement - Signed and Redacted.pdf
    • Healthy Homes Certificate of Compliance - 510A Mount Eden Rd.pdf
    • Healthy Homes Certificate of Compliance - 510B Mount Eden Rd.pdf
  • /Seismic/
    • ISA Report - Mt Eden Rd, 510 (2023-06-16).pdf

Property Description

• 554sqm strategic city fringe high-profile corner freehold site - one title
• Solid commercial and residential income stream from multiple tenancies
• A unique and aspirational residential and commercial investment opportunity

Offered for sale by Deadline Private Treaty closing 13 March 2024 ( unless sold prior) this iconic property includes a commercial tenancy and two independent modern residential units, all on one freehold title (no Body Corp)with Business Mixed-use zoning. On the edge of vibrant Mt Eden Village with its cafes/restaurants, with multiple nearby transport links including City Rail Link, airport and CBD bus routes, etc, this DGZ property offers a superb central location.

The long-term established commercial tenancy is returning $140,249 pa + GST (net). The tastefully refurbished, immaculately presented double-grammar zone, residential units are returning $72,280 (combined), each one featuring two large bedrooms with ensuites, and are currently leased until June 2024 to long-term tenants, with the possibility of earlier vacancy if the purchaser requires, providing options for rental upside, possible Airbnb, or owner occupation.

This property which offers a substantial split risk income will appeal to a range of purchasers including investors, and residential portion occupiers. Contact the agents to receive a link to the comprehensive video tour and other documentation with all viewings by appointment.

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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 Mike Adams

Bayleys Real Estate

Licensed under the REA act 2008

021 977 527   021 977 527   mike.adams@bayleys.co.nz   All Listings

Mike Adams is a Senior Commercial Broker based in the Bayleys Auckland CBD office, where he specialises in the sales and leasing of a diverse range of commercial, industrial and development properties throughout the Auckland region and beyond, and has become an integral member of the acclaimed Bayley’s Auckland City and Fringe team of agents led by Alan Haydock.

Since joining Bayley’s in late 2005, Mike has enjoyed considerable success in the real estate arena, concluding a significant number of sales and leasing transactions across a wide range of values and has been in the Top 10% of all Bayley’s Salespeople nationwide for 2014/2015/2016.

This diverse range of transactions have included tenanted investment properties, vacant commercial and industrial buildings, large scale residential and commercial development land sites, mortgagee, liquidation and receivership sales. He has also transacted a range of commercial and industrial leases, alongside a further mix of real estate transactions which include residential, waterfront, lifestyle and rural property in a range of locations.

Prior to joining Bayleys Real Estate, Mike spent almost 20 years with Giltrap Group including senior roles as General Manager of Giltrap Prestige and Independent Prestige. Since joining Bayleys he has retained very close links to number of the key people within the automotive industry.

During his real estate career Mike has built up a diverse range of clients including private individuals, corporate business entities, motor industry contacts, family trusts, owner occupiers, trading banks, accountancy and legal firms, community organisations, regional bodies etc.

Mike Adams enjoys interacting with a wide range of real estate property and people on a regular basis, and growing Bayley’s opportunities and activity in the Auckland commercial and industrial property market segment encompassing a range of commercial, industrial, residential and development precincts which include the City Fringe area, West Auckland as well as the Southern and Eastern corridor amongst others. This has resulted in a successful career which has resulted in a number of sales throughout the wider Auckland region and beyond. A selection of some recent results are included on this page, with other examples available upon request.

A significant portion of these successful transactions have been largely attributable to Mikes expertise and dedication in undertaking successful auction and tender campaigns for his vendors, with some outstanding results being achieved. A number of these campaigns have involved Mikes utilisation of Bayley’s renowned marketing disciplines including the nationwide Total Property portfolio, combined with running professional and disciplined sale campaigns for his vendors ensuring that no stone is left unturned in securing the best outcome.