SOLD
2 Hurstmere Road

Takapuna, Auckland

$14,500,000 Plus GST (if any)

Listing: NSC5436


Opportunity of the Century - Cnr Hurstmere & Lake Roads
The iconic landmark property known as Hall's Corner is now for sale for the first time since 1907, providing purchasers a sensational opportunity to stamp their mark on the future of Takapuna. Situated in one of the most desirable entertainment and retail locations in Auckland, the property is surrounded by affluent neighbourhoods and adjacent to gorgeous Takapuna Beach. Hall's Corner consists of four adjacent titles which are being offered for sale either as one parcel or individually. The four titles include four buildings with a total combined floor area of 2,381m² approx. Flanked by Hurstmere Road and Lake Road in Takapuna, the property, currently zoned Business sub-regional 3, is comprised of 2, 4 and 20 Hurstmere Road and 486 Lake Road. Under the new Proposed Unitary Plan it is zoned Metropolitan Centre, Takapuna 1, sub-precinct B. This stunning property and the Proposed Unitary Plan offers investors and developers a myriad of options and will appeal to buyers who wish to create something unique and inspiring or just enjoy the income and land bank for the future. Existing established retailers include TSB Bank, Robert Harris, Tank Juice Bar, Baker's Delight, Paper Plus, Habitual Fix, Mondo Travel and others. Takapuna is undergoing rapid change with several significant new and exciting developments completed and planned, enhancing the area's reputation as the North Shore's premium retail and commercial centre. Located opposite entry to the new McKenzies development featuring dining, fashion and lifestyle retail tenancies, Hall's Corner is ideally suited as an extension of this boutique precinct. Late last year the family made the decision to divest the entire property portfolio and pass the baton to a new owner, ushering in the next 100 years. - 13 established tenancies (incl. 2 vacancies) - Appraised net rental $920,000 p.a. plus OPEX and GST - Current net rental income $673,827 p.a. plus OPEX and GST - Total combined site area 2,327m² approx. - Total floor area 2,381m² approx.
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842(more or less Land Area)

626(approx) Floor Area

6 Car Parks

Contact The Experts
Andrew Bruce

Branch Manager / Business Owner

P

09 486 9205
Get In Touch
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