A fully leased, prominent investment opportunity that shouldn’t be missed, 56 Barrys Point Road, Takapuna, has been brought to market by Euan Stratton and Jaye Miller of JLL.
Takapuna, renowned as one of the most coveted locations on the North Shore, presents investors and entrepreneurs with an exceptional investment opportunity.
JLL Logistics & Industrial Senior Director Euan Stratton says that the area's advantages include close proximity to the Northern Motorway and Auckland CBD, as well as affluent North Shore suburbs of Milford, Takapuna, Hauraki, and Devonport, plus Takapuna’s commercial precinct.
“At the forefront of these desirable locations stands 56 Barrys Point Road, occupying a prominent position on this arterial route.
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"Just five doors away from the bustling traffic lights at Esmonde Road, the property boasts a commanding street profile and impressive signage, ensuring excellent exposure for existing and potential tenants,” says Stratton.
The three-storey building sits on a freehold title of 1,201 square metres, positioned to maximise its potential.
The ground floor, dedicated to trade retail, offers the added advantage of on-site car parking directly in front, granting convenient access to customers.
This advantageous setup, coupled with its massive signage visibility, distinguishes the property from the competition, Stratton says.
Beyond the street level, a driveway provides access to the lower levels and rear car park, where a refurbished, split-risk commercial tenancy overlooks the scenic council reserve.
This space, meticulously finished to an exceptionally high standard, can comfortably accommodate three separate tenants.
Shared amenities, including a full kitchen, unisex toilets, and a shower, enhance the appeal of this secure area.
Additionally, a small storage space with minimal office and roller door access is available on the lower car park level.
JLL Logistics & Industrial Associate Director Jaye Miller highlights that 56 Barrys Point Road, Takapuna is currently fully leased, the property yields an impressive net income of $187,239 per annum, with leases spanning various terms.
This lucrative investment opportunity is further complemented by its generous on-site car parking provisions and its multi-tenanted structure, effectively mitigating risk.
Moreover, the extensive future development potential adds significant value to this sought-after North Shore property.
“It’s exceedingly rare for an asset of this calibre to become available on the Shoal Bay side of one of North Shore's most prestigious streets.
"56 Barrys Point Road stands as a truly unique and exceptional offering, attracting discerning investors seeking prime commercial real estate. With its unbeatable location, convenient amenities and unparalleled potential, this property is a must-see for astute investors and entrepreneurs,” continues Miller.
The property will be sold via Deadline Private Treaty closing Wednesday, 6 December (unless sold prior).
Article supplied by JLL
