Listing #:1585891459

Fully Tenanted Investment in Birkenhead Town Centr

Location: 57-63 Birkenhead Avenue, Birkenhead­, North Shore City, Auckland
Property use: Retail
Floor area: 490m2
Land area: 774m2
Price: Price by negotiatio­n
•Freehold standalone title on 774sqm site
•New 5 years lease to UNITEC and New Yoga Centre
•Current passing net income of approximately $104,200 pa. + GST from multiple tenants
•Strategic located just off major intersection and directly opposite Highbury mall entrance
•Add value opportunity to develop vacant land at rear

The property comprises single level retail shops on the main street with a two level basement floor facing the rear council reserve land.
The subject property is located at the eastern side of Birkenhead Avenue and enjoys great exposure to high volume daily traffic in all kinds; surrounding are low rise buildings accommodating a wide range of convenience retailers, cafes and local eateries.
A recent council developed viewing platform offers a panoramic overlook to the Le Roy's Bush Reserve & Auckland Skyline is only a couple doors away.

The site is zoned Town Centre under the proposed Auckland Unitary Plan which applies wide range of activities including commercial, residential tourist etc. Under this plan the site would be subject to an increased height limit of 20.5 meters.
A rare add value opportunity for an astute investor or owner occupier to unlock its full potential!

Please do not hesitate to contact one of our project team member for full information pack / updated tenancy schedule

Agency reference #: 1685293
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Price by negotiation
57-63 Birkenhead Avenue, Birkenhead, North Shore City, Auckland
Price by negotiation
Listed: Thu 9 Mar, 6:20 pm
Oscar Kuang
Bayleys Real Estate Ltd MREINZ, (Licensed: REAA 2008)
  • Contact details
  •  (09) 3096020
  •  (021) 609429

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Agent's details

Oscar Kuang
  •  (09) 3096020
  •  (021) 609429
Michael Nees
  •  (09) 4890963
  •  (021) 1823085
Bayleys Real Estate Ltd MREINZ, (Licensed: REAA 2008)
(0800) 2295397
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