On offer is an unmissable opportunity to own a great piece of real estate with attributes that will attract many investors. Freehold modern contemporary two- level building within the Manly Town Centre precinct on the busy arterial Whangaparaoa Road. With four streams of income yielding circa $94,000 income pa, the property is ideal for those having a low-risk appetite and would suit not only commercial, but also residential investors who are wanting to switch to hassle-free long term investment opportunity.
Built in 2018, this property is well located to have main road frontage and exposure to passing traffic especially from the Manly roundabout and the U-GO petrol station next door. Another peace of mind for buyers including those that need funding, is that the building has an A-grade seismic rating. There is a marked preference from tenants nowadays, seeking modern premises and due to limited new commercial options available, this property should hold its value in good stead.
The Neighbourhood Centre zoning provides many other possibilities in future especially with two-way sea views and being so close to the best beaches in Auckland. This commercial retail / service hub is positioned between the Stanmore Bay Town Centre and Gulf Harbour/Army Bay. The Whangaparaoa region is fast growing, anticipated from the forthcoming Penlink bridge project, which will deliver a direct transport connection to SH1 and is expected to enhance future capital gains (see details at www.nzta.govt.nz/projects/penlink).
This property has quality, location, zoning plus returns to grab your attention and engage in the sales process. This is a rare opportunity to own a top-quality commercial investment property in this desirable suburb. New Zealand Sotheby’s International Realty are proud to be appointed as sole agents so please get in touch with Mustan Bagasra for more details and private viewing.
