Calling Developers, Owner Occupiers and Investors. This road front North Shore property is on the market for sale for the first time in 26 years. With a 675 sqm regular shaped site, holding income until the final lease expiry date March 2027 this property offers an excellent opportunity to develop now or utilise the property as it is and redevelop in the future.
Zoned as Residential – Mixed Housing Urban Zone under the Auckland Unitary Plan. This is a reasonably high-intensity zone enabling a greater intensity of development than previously provided for. Over time, the appearance of neighbourhoods within this zone will change, with development typically up to three storeys in a variety of sizes and forms, including detached dwellings, terrace housing and low-rise apartments.
Well located on Archers Road, a significant arterial road on Auckland’s North Shore. This road functions as a busy link between residential suburbs and the businesses in the Wairau Valley along with access to the Northern Motorway.
Local amenities include cafes, bars, restaurants, supermarkets, Westlake Boys and Westlake Girls High Schools, sports grounds, gyms and many more. The central North Shore location is approximately 3.9km to Takapuna, 7.8km to Albany Mall or 13km to downtown Auckland.
The property is leased to a commercial tenant who has been in occupation since 2019. The rental return is currently $43,272pa increasing to $46,245pa in October 2026. The lease has a final expiry date of 31 March 2027 thus providing holding income for a purchaser while they prepare plans and get consents in place or negotiate new lease terms with the tenant.
Contact the Sole Agents for further information or to view:
Mike Ryan 021 402 461 and Matt Prentice 021 464 904
Features:
* Develop, occupy or invest
* 675 sqm (more or less) site area
* Westlake School zone
* Residential – Mixed Housing Urban Zone
* Holding Income $43,272pa
* Increasing to $46,245pa
* Lease final expiry 31 March 2027
* Roadfront property
* Central North Shore location
* Busy main road
* Close to a wide range of amenities
