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.
They expect their new listing — a vacant commercial unit at 87-107 Clyde Rd — will appeal to 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.
"With in a high-profile position, just 100m from the beach and benefiting from high foot traffic from locals and visitors, the block is a fixture in the area and the building has an impressive 85 per cent new building standard [NBS] seismic rating," Tankard says.
Young says the vacant unit has a floor area of about 264sq m and one car park; although additional street parking is available in the area.
