Skip to site navigation Skip to main content
main content

Solid Returns With Future Development Upside

Ray White Pt Chevalier (Sell Real Estate Ltd), (Licensed: REAA 2008)

Listed 29 May

12 Laurina Road, Sunnynook, North Shore City, Auckland

Asking price $2,225,000

Bed6+
Bath6+
Parking4
Land area928m²
Floor area610m²

Details

6+ bedrooms
6+ bathrooms
4 off street parks
House
Property interior
Property interior

Solid Returns With Future Development Upside

Asking Price: $2,225,000 +GST

If you've been weighing up commercial vs residential, this property removes the need to choose. Offering a well-balanced mix of both, 12 Laurina Road delivers diversified income, long-term security, and future potential in one compelling package.

At the heart of the investment is a well-established childcare centre occupying the ground floor, providing a stable commercial return underpinned by a secure lease. Complementing this are two residential apartments above, adding further income and flexibility to the overall holding.

Key Features:

  • Dual-income stream: established childcare tenancy plus two residential apartments
  • Strong combined returns: $147,904 + GST
  • Childcare: $91,404 + GST
  • Residential: $64,975 (GST inclusive)
  • Secure lease profile: current term through to July 2028 with 4 x 5-year rights of renewal
  • Freehold site: 927sqm with prominent street presence and 30 meter road frontage
  • Mixed Housing Suburban zoning: future intensification and redevelopment potential
  • High-demand location: surrounded by ongoing development and strong residential growth

Whether you're looking for a hands-off investment with reliable cashflow, a landbank opportunity, or a future development play, this is a property that offers multiple angles to add value over time.

Opportunities combining this level of income, flexibility, and upside are rarely available.

Call us now to secure this opportunity for yourself.

Agent

No updates from the agent yet

Watchlist this listing to get updates

Discover more about this property

Request files from Hugh

2,266
Page views
57
Watchlisted
43
Days on site

12 Laurina Road has been viewed 2,266 times since it was first listed on 29 May. There are 57 people keeping an eye on it.

All — 1
All — 2
All — 3
All — 4
All — 5
All — 6

Tour the property

There are currently no open home times scheduled, please reach out to the agent to find a time.

Property insights

Hugh Free

Discover more about this property

Request files from Hugh

We are upgrading some of our systems
Learn more