At 73 Lake Road Devonport, the appeal is spread over three levels.
There’s 175m² of ground-floor retail or showroom space facing one of Devonport’s busiest roads.
Below it sits almost 149m² of workshop and storage space, while upstairs is a three-bedroom apartment with its own entrance and a generous north-facing balcony.
Eight on-site car parks complete a mix that gives the next owner plenty to work with.
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Marketed by Barfoot & Thompson Commercial brokers Rex Fowler and Max Andrews, the freehold property is being offered for sale by Private Treaty.
“It’s the flexibility that immediately stands out,” says Fowler. “You could occupy part or all of it yourself, lease the different components or look at how the property might be reconfigured over time.”
Vacant possession means those decisions can be made from day one. For an owner-occupier, that could mean running a business downstairs and making use of the apartment above.
For an investor, the retail, residential and storage components offer the potential to create several income streams from a single freehold property.
The location strengthens the proposition. The 495m² freehold site occupies a prominent north-facing corner on Lake Road, the main arterial connecting Takapuna with the Devonport peninsula. Around 18,000 vehicles pass this stretch of road each day, giving the ground-floor space a level of exposure that’s difficult to miss.
“Lake Road does a lot of the work for you,” says Andrews. “You have strong visibility for a commercial occupier, but you’re also in a part of Auckland where the residential side carries real appeal.”
Devonport village, cafés, boutique retail, beaches and the ferry terminal are all within easy reach, with the CBD around ten minutes away by ferry. For the apartment upstairs, that brings a lifestyle dimension to a property whose street frontage is firmly commercial.
Zoned Business – Neighbourhood Centre under the Auckland Unitary Plan, the property allows for a mix of uses, with residential use permitted on upper floors. It also carries a 75% NBS rating, based on a 2014 IEP.
“For the right buyer, there are a number of ways to make this property work,” says Fowler. “And in Devonport, having that much choice under one freehold title is a great place to start.”
- Supplied by Barfoot & Thompson
