99B Tamaki Drive, Mission Bay, Auckland City, Auckland

Introducing 99B Tamaki Drive, Mission Bay – A coveted, fully tenanted passive investment located in one of Auckland’s most iconic retail destinations. This property presents a prime opportunity to secure a stake in the heart of Mission Bay, renowned for its vibrant waterfront atmosphere, bustling community, and low vacancy rates.   The property holds a Fee Simple 1/2 share of 320m² (more or less), with approximately 115m² of net lettable area split across two well-established businesses. Generating a combined annual rental income of $231,811.91 p.a + GST + OPEX, this investment offers an outstanding return and is positioned as a highly attractive opportunity for secure and low-maintenance income. The strong tenant covenant, combined with the high demand for commercial space in this prime location, ensures continued appeal and reinforces the property's desirability for savvy investors seeking a reliable and high-performing asset.   Zoned as Business – Local Centre Zone, this prime location is ideal for retail, hospitality, or service-based businesses. Its position makes it perfectly suited to attract both locals and visitors, enhancing the vibrant, community-focused atmosphere of the area.   Mission Bay, particularly along the highly sought-after Tamaki Drive, is one of the city's most coveted commercial property locations - properties here rarely become available. This unique offering provides the chance to secure a premier space in one of Auckland’s most iconic waterfront destinations.   This is an incredibly rare and exceptional opportunity to secure a premier property in one of Auckland’s most iconic waterfront locations. Don’t miss out - contact the agents today to arrange a viewing or for further information!   Interactive Virtual 3D Tour: https://realsee.ai/JVLLavya

Features:

• A trophy investment along one of Auckland’s premier retail & entertainment strips
• An outstanding split-risk investment returning approximately $231,811.91 p.a + GST + OPEX
• A strong tenant covenant from two well-established businesses ensuring stability and security
• Recent renovations including fresh paint, tiling, roofing, new shop frontages and a 70% NBS
• Ideal for savvy investors seeking a reliable, high-performing asset
• Business - Local Centre Zone allowing for a range of business uses and future solutions
• A scarce Tamaki Drive waterfront location, one of Auckland’s most sought-after commercial areas
• Convenient access to public transport and major arterials, located in an area with great foot traffic year-round

More information: https://www.colliers.co.nz/p-NZL67032856