A freehold commercial property with six separate tenancies and having future development potential is for sale in the Auckland North Shore beachside suburb of Browns Bay.
"This sale represents a chance to buy a freehold commercial property with road front exposure, on a main arterial route within one of the North Shore's most popular suburbs," says Gary Seekup of Barfoot & Thompson North Shore Commercial.
Seekup and his colleague Bruce Jiao are marketing the property at 748-750 Beach Rd, Browns Bay, for sale by tenders closing at 4pm on Thursday, April 6, at Barfoot & Thompson's North Shore Commercial Office at 129 Hurstmere Rd, Takapuna - unless it sells earlier by negotiation.
"The package encompasses a freehold land area of 2076sq m on which a 1730sq m building is split into six separate tenancies on various lease terms," Seekup says. "Car parking is provided both at street level in the front and at Level 1 at the rear with bays for a total of about 40 car vehicles. It should be noted the building area cited excludes the upper level carpark.
"The property generates annual rent of $191,480 plus GST and offers a number of options to both investors and owner occupiers," he says.