557-561 Blockhouse Bay Road, Blockhouse Bay Split-risk, fully-leased and affordable

Available PropertyFiles:

  • Blockhouse Bay Road 557-561_IM_May 2024.pdf
  • IEP Report - 557-561 Blockhouse Bay Road_16.03.2020.pdf
  • LIM Report - 557-561 Blockhouse Bay Road_15.09.2023.pdf
  • /Lease Documents - Creative Eye/
    • Deed of Lease - Creative Eye_01.10.2020.pdf
    • Rent Review - Creative Eye_10.02.2023.pdf
    • Right of Renewal - Creative Eye_02.03.2023.pdf
  • /Lease Documents - Shirley Apparel/
    • Deed of Lease - Shirley Apparel_08.06.2016.pdf
    • Deed of Variation - Shirley Apparel_11.10.2021.pdf
    • Right of Renewal - Shirley Apparel_09.04.2019.pdf
    • Right of Renewal - Shirley Apparel_10.02.2023.pdf
  • /Record of Title/
    • 5623916.3_Variation of Lease.pdf
    • Blockhouse Bay Road 557-561_Record of Title_22.04.2024.pdf
    • Document D116038.7_Land Transfer.pdf
    • Document D116038.8_Land Transfer.pdf
    • Document D116038.9_Land Transfer.pdf

Property Description

SOLE AGENCY

Bayleys is excited to introduce an exceptional opportunity in the heart of Blockhouse Bay. This property boasts two retail tenancies, offering a diversified investment with minimized risk. Situated in a prime location with expansive street frontage, it enjoys proximity to popular cafes and retail outlets, ensuring consistent foot traffic.

Key features:
• Vendor willing to meet the market
• Great location with wide street frontage
• Split-risk investment
• Net passing income: $59,730pa + GST
• Lettable area: 240sqm (approximately)
• Low-risk building with 70% NBS

The existing retail tenants generate a net passing income of $59,730pa + GST. Moreover, there exists potential for market rental growth, presenting the new owner with opportunities to enhance value.

Commercial properties in Blockhouse Bay seldom hit the market, making this a unique chance to invest in a sought-after suburb characterized by low vacancy rates and a vibrant local business ecosystem, complemented by nearby residential areas.

The vendor is committed to a sale. Call now for more information.

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.