• Standalone building spanning 940sqm (approximately)

• Freehold land of 628sqm (more or less) zoned for Business Local Centre

• Currently returning $269,882.30pa + GST and OPEX from multiple tenants

• Modern construction with outstanding amenities completed in 2018

This property in Beachlands presents a compelling investment opportunity with its 628sqm (more or less) freehold land and a 940sqm (approximately) standalone building featuring four ground floor retail and five first-floor office spaces. This contemporary structure with excellent amenities was constructed in 2018.

Situated in the established 'Pohutukawa Shopping Centre', this rare asset offers investors a split-risk investment with long-term leases, ensuring a reliable cash flow. The building, boasting a mix of retail and office tenancies, is 90% leased, and there's potential to add-value or utilise the 140sqm (approximately) upper-level vacant unit.

Benefiting from a high-profile location in Beachlands, surrounded by established retailers and increasing residential development, this property aligns with the areas growth. Beachlands' appeal is its proximity to the beach and marina, and accessibility to key locations like Auckland Airport, CBD, and Botany Town Centre. The fully serviced marina at Pine Harbour, offering a ferry service to central Auckland, adds to the property's strategic location.

Piyush Kumar

027 410 4750

piyush.kumar@bayleys.co.nz

Peter Migounoff

027 492 0788

peter.migounoff@bayleys.co.nz