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Birkenhead

32-36 Mokoia Road, Birkenhead, North Shore

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524sqm Land area SQM
360sqm Floor area

Options, options, options


• Freehold site of 524sqm (more or less) on ridgeline of Mokoia Road
• Lease profile provides opportunity for occupiers and add-value investors
• Currently returning $103,265.51pa + GST and outgoings anchored by long-standing tenant of over 12 years.

Situated on the city and harbour facing ridgeline of Mokoia Road, Birkenhead 32 - 36 Mokoia Road presents an opportunity with huge upside to acquire a freehold site with excellent income in a suburb undergoing significant gentrification.

The property currently provides an excellent holding income from a long-standing tenant with flexibility of tenure that provides options for a variety of purchasers to unlock occupation or add value options and maximise returns on this strategic investment. The property benefits from vehicular access to the rear of site and additional minor tenancies below street level, long term the site has intensive zoning that allows for redevelopment up to 21 meters with apartments at the upper floors.

Birkenhead is located adjacent to Onewa Road, the first motorway off-ramp from Auckland CBD. This strategic location has encouraged a dramatic revitalisation of the town centre over the last decades as evidenced by several new apartment and townhouse developments in addition to a range of new commercial tenants entering the township.

For Sale by Deadline Private Treaty
(unless sold prior)

29 Northcroft Street, Takapuna, Auckland

14
Mar

Time4pm
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Ranjan Unka

Ranjan Unka


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Dean Gilbert-Smith

Dean Gilbert-Smith


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008
Michael Nees

Michael Nees


Commercial North Shore Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Land area breakdown


Freehold site of 524sqm (more or less) on ridgeline of Mokoia Road

Lease


Lease profile provides opportunities for occupiers and add value investors

Occupancy


Currently returning $101,230pa + GST and outgoings anchored by long-standing tenant of over 12 years

Zoning


Town Centre zoning