Foothold in Browns Bay

Browns Bay is growing in popularity, not just as a great place to live and raise a family, but also as a prime area to invest in commercial property, say NAI Harcourt’s agents Isaac Tankard and Nick Young.

The men expect their new listing — a vacant commercial unit at 71-73 Clyde Rd — will engage investors when it goes to auction at 1pm, on March 28.

The single-level freehold building is situated on a corner site with prominent dual street frontage onto the main Clyde Rd shopping precinct, Tankard points out.

“And it’s not often that such a great investment becomes available in this area.

In a high-profile position, just 100m from the beach and benefiting high foot traffic from locals and visitors, the block is a fixture in the area and the building has an impressive 85 per cent NBS seismic rating,” he says.

Young says the vacant unit has a floor area of about 264sq m and one car park; although ample additional street parking is available in the area.

“Having such a high-profile location in this sought-after beachside retail area ensures this investment will be snapped up,” adds Tankard.

He says Browns Bay is unusual in Auckland, having continued to grow while still preserving its unique village intimacy.

“There is an understanding in the commercial fraternity that you will reap the rewards by investing in Browns Bay. This will be particularly the case as the locality undergoe intensive development over the next few years.”