Halls Corner - 3 x Hallmark Takapuna Investments

480-486 Lake Road and 2-20 Hurstmere Road, Takapuna, Auckland

Investment / Retail For Sale

For Sale by Deadline Private Treaty closing at 4pm 6 Dec 2017 (Unless sold prior)
Land Area: 2,327.00 m2.    Floor Area: 2,475.75 m2.    

Description

Colliers International have exclusively been appointed to market ‘Halls Corner’ in Central Takapuna which is now available for only the second time in 111 years.  This iconic offering has been divided into three individual investment opportunities leaving options to acquire one, two, or all three of these exciting freehold investments, positioned in one of the most desirable locations in the country. 

Option 1 features two standalone buildings with frontage to both Lake & Hurstmere Road's over two freehold titles with a total land area of 1,136m². The total return is $621,347 pa net and tenants include Madam Woo, Superette, AMI Insurance & House of Travel. 

Option 2 is the iconic Halls Corner with substantial road front exposure on a 842m² freehold title. The total net rent is $468,837 pa and tenants include TSB Bank, Habitual Fix, Mondo Travel, Umi Sushi & 3 Wise Men. 

Option 3 is a two level building with frontage to Hurstmere Road on a 349m² freehold title. The total net rent is $337,625 pa and tenants include Tank Juice, Grey & Wild, Ruby.  

The entire offering provides a total net rental of $1,427,810 pa over four freehold titles with a combined land area of 2,327m². With Metropolitan Centre unitary plan zoning, and long leases to established tenants, this really is as good as it gets!  

Call either of the Sole Agents now for further information or to register your interest.  

Features

  • Option 1 - 4 tenants - $621,347 pa net
  • Option 2 - 7 tenants - $468,837 pa net
  • Option 3 - 6 tenants - $337,625 pa net
  • Long leases to established tenants
  • Multiple buildings on freehold titles
  • Metropolitan Centre’ Unitary Plan Zoning
  • Extensively refurbished buildings
  • Buy 1, 2 or all 3 offerings!
  • Sole Agency

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