Freehold and vacant, 73 Lake Road sits on a north-facing corner site on the Devonport peninsula, fronting the arterial route between Takapuna and Devonport village, with approximately 18,000 vehicles passing daily.
The building offers potential for three separate income streams under one title: 175m² of ground floor retail, a three-bedroom apartment upstairs with its own street access and 148.8m² of basement storage.
Eight open car parks complete the offering, totalling 434.5m² of net lettable area across a 495m² site. This is a rare mix of scale, flexibility and exposure in a tightly held suburb.
The building carries a 75% NBS rating, based on a 2014 IEP, and comes with vacant possession, allowing purchasers to move in, lease it out or reconfigure the property entirely. Zoned Business - Neighbourhood Centre, the property also offers future add-value potential.
Devonport’s appeal is well established, with golden beaches, a village high street and a ten-minute ferry connection to Auckland CBD. Stock like this rarely turns over here, further sharpening the appeal for owner-occupiers, investors and developers alike.
The property is for sale by private treaty. Please contact the sole agents for further information or to arrange an inspection.
KEY FEATURES:
• Freehold north-facing corner site
• Potential for three income streams, including retail, apartment and storage
• Vacant possession
• 75% NBS, based on a 2014 IEP
• Eight on-site car parks
• Approximately 18,000 vehicles passing daily
See this listing on Barfoot & Thompson
