• Freehold site with mixed-use potential
• Retail, apartment & storage income streams
• High-profile Lake Road location
• 75% NBS (2014 IEP), recently refurbished
• Vacant possession with development upside
Strategically positioned at 73 Lake Road, Devonport, this high-profile freehold property offers a rare opportunity to secure a versatile investment in one of Auckland’s most desirable suburbs. Zoned Business – Neighbourhood Centre, the site benefits from excellent exposure along Lake Road, the key arterial route connecting Takapuna to the Devonport peninsula.
Comprising approximately 495sqm of land and 407sqm of building area, the property has recently undergone refurbishment and presents a flexible configuration with three distinct income streams: Ground floor retail space ideal for local businesses; Upstairs apartment offering residential rental potential; Basement storage suitable for commercial or private use.
With vacant possession, this asset is ready for immediate occupation or leasing, providing options for owner-occupiers, investors, or developers seeking to add value. The property also holds future development potential, supported by its zoning and location.
A 2014 IEP report confirms 75% NBS, enhancing its appeal for tenants and lenders alike. Just 10 minutes from Auckland CBD by ferry, and surrounded by golden beaches and waterfront lifestyle amenities, this is a premium investment opportunity in a tightly held area.
Whether you're seeking a split-risk income stream or a strategic foothold in Devonport, this property delivers flexibility, location, and long-term upside.
