"Before dating apps like Tinder were being thought about, the Manhatten Lounge was also known for its telephones where customers could ring each other from table to table in the name of old-fashioned courtship," Adams says.
After the club closed the site was turned into a retail centre but The Manhatten Lounge has continued on - although in name only - as part of a function venue at the site which is owned by catering company Dominion Food.
The other tenants at the freehold property are Burger King and United Video.
Adams says the property has been owned by the same family for more than 80 years.
"It has a government valuation of $5.6 million as at July 2011 but it is anticipated the sale price could exceed this," he says.
"It is in a strategic location and has multiple income streams with opportunities for development that are likely to attract a high level of interest from a diverse range of buyers, including owner-occupiers, developers, investors and community groups.
"This property is highly visible with maximum exposure from three road frontages," Adams says. "Dominion Rd is a main arterial route extending from Eden Tce in the north through to Hillsborough in the south."
"The location is near the residential and commercial precincts of Mt Eden, Epsom, Mt Roskill, Mt Albert, Hillsborough and Sandringham."
The property is 1.4km from State Highway 20, providing easy access to the airport and the main motorway systems now being enhanced.
Adams says the location also has excellent bus services to the Auckland CBD via Dominion Rd. "It is currently leased to three tenants and is returning a combined annual income of $397,000.
"Multinational tenant Burger King is in one building and is on a lease until 2022 with further rights of renewal.
"A second building housing United Video and Manhatten Lounge/Dominion Catering provides further income and flexible leases."
Burger King has a 10-year lease in place with an annual rent of $134,000 and a final expiry date of 2032.
United Video has a four-year lease of $143,000 annually, expiring in 2016.
The third tenant, Dominion Catering, has a monthly rental of $10,000 and a notice period of 20 days.
Zoned Business 2 and Mixed Use under the Auckland Council Draft Unitary Plan, the land area of the site is 4759sq m with redevelopment opportunities, Adams says. "The zoning indicates traditional suburban retail centres.
"This property is within an area experiencing increased residential activity, coupled with a growth of a range of business and leisure activities, which is creating an interesting and diverse environment."
