Prime investment on Shore
A fully leased, prominent investment opportunity at 56 Barrys Point Rd, Takapuna, has been brought to market by Euan Stratton and Jaye Miller of JLL.
One of the most coveted locations on the North Shore, Takapuna presents investors and entrepreneurs with an exceptional investment opportunity.
JLL logistics and industrial senior director Stratton says the area's advantages include close proximity to the Northern Motorway and Auckland CBD, as well as the affluent North Shore suburbs of Milford, Takapuna, Hauraki and Devonport, plus Takapuna’s commercial precinct.
“56 Barrys Point Rd occupies a prominent position on this arterial route. Just five doors away from the bustling traffic lights at Esmonde Rd, the property boasts a commanding street profile and impressive signage, ensuring excellent exposure for existing and potential tenants,” he says.
The three-storey building sits on a freehold title of 1200sq m, exquisitely positioned to maximise its potential. The ground floor, dedicated to trade retail, offers the added advantage of on-site car parking directly in front, granting convenient access to customers. This advantageous set-up, coupled with its massive signage visibility, distinguishes the property from the competition, Stratton says.
A driveway provides access to the lower levels and rear car park, where a refurbished, split-risk commercial tenancy overlooks a council reserve.
This space, finished to an exceptionally high standard, can comfortably accommodate three separate tenants. Shared amenities, including a full kitchen, unisex toilets, and a shower, enhance the appeal of this secure area.
A small storage space with minimal office and roller door access is available on the lower car park level.
JLL logistics and industrial associate director Miller highlights that the property is fully leased, yielding net annual income of $187,239 with leases spanning various terms.
Extensive development potential adds significant value to this sought-after North Shore property, she says.
The property will be sold via deadline private treaty closing on Wednesday December 6, unless sold prior.
Article supplied by JLL