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Prime Browns Bay site for sale with diverse tenants and development upside

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A prominent town centre commercial property with a rich mix of tenants and considerable development upside has gone up for sale in the heart of Browns Bay.

The single-storey complex at 68-76 Clyde Road occupies a high-profile corner site with three street frontages.

Its multiple tenancies include a long-established optometrist, a UK-inspired grocer, two restaurants, a pet grooming store and a women’s designer clothing outlet. The property offers diversified total net rental income of $315,020 plus outgoings and GST per annum.

Colliers has been appointed to market the freehold land and buildings at 68-76 Clyde Road, Browns Bay jointly with Bayleys, for sale by way of deadline private treaty closing at 4pm on Thursday 1 July, unless it is sold prior.

Tony Allsop, Investment Sales Director at Colliers, says: “The property for sale consists of buildings of approximately 792sq m on some 1,232sq m of land across two freehold titles with the Business – Town Centre zoning under the Auckland Unitary Plan giving it ‘incredible development potential’.

“This zone aims to provide a focus for commercial activities and growth in areas around main arterial routes with good public transport access. It typically enables buildings of four to eight stories for commercial or residential uses, or potentially wide-ranging activities such as tourism, leisure, cultural, community or civic services.

“Identified through this zoning as a hub for future growth, Browns Bay’s town centre has large blocks of land that are publicly owned and therefore may be proactively planned to shape development and provide supporting public services such as community facilities or additional parking,” says Allsop.

Janet Marshall, Commercial Sales and Leasing Director at Colliers, says: “The property for sale is situated on the western side at the northern end of Clyde Road, Browns Bay’s main retail strip, at its intersection with Bute Road. It lies less than 100m from Browns Bay beach via a lane which provides direct access.

“The building has a concrete-block structural frame and sits on concrete foundations. Exterior cladding consists primarily of full-height glazing – providing tenant businesses with excellent street exposure and natural light.

“The structure features long-run iron roofing and aluminium joinery. Individual units have their own security systems, smoke detectors and predominantly fluorescent-tube lighting,” says Marshall.

Matt Prentice, Industrial Sales and Leasing Director at Colliers, says Browns Bay is one of the East Coast Bays’ largest and most popular retail and commercial centres.

“The town centre is home to a wide variety of convenience and retail shops with commercial office space on the levels over and above.

“Additionally, the area has seen a number of residential apartments either recently constructed, under development or planned for the near future.

“This includes the Victor Apartments, a landmark development which has brought residents and new life to the town centre – therefore boosting foot traffic to retailers.”

Prentice says the site for sale is surrounded by established commercial businesses, and close to several schools and childcare centres.

“The beach is also a great asset to the town which adds demand and value to local real estate. In recent years, it has been enhanced with a beachfront boardwalk and the development of adjacent cafes and apartments,” says Prentice.


Related Experts

Tony Allsop

Director

Auckland CBD

Tony joined Colliers International as senior property manager for the Auckland Property Management Division in 1996. From National Manager of Property Management 2000-2004, Tony joined the Commercial Sales team in 2004.

He specialises in investment sales in the Auckland CBD and fringe works closely with private clients and corporates alike. He has expertise in selling add value properties and development sites.

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Janet Marshall

Director | Commercial

Auckland North

Janet is a Director at Colliers North Shore located in Takapuna and received the prestigious Women in Property award from the Property Council in 2019.

Janet was awarded Rookie of the Year in 2005, Marketer of the Year in 2013 and promoted to Director in 2016.  

Janet specialises in office and retail sales and leasing, and investment sales.  She is also a Board executive on the Takapuna Beach Business Association (TBBA) and previously on the Board of the Business North Harbour business association.  Janet was also the first female President of the Pinnacle Ski Club in Ruapehu.  Her connections are extensive, and with over 15 years at Colliers International Janet is well respected within the industry.  Janet is passionate about commercial property and is one of the leading commercial brokers in Auckland.


See LinkedIn Profile at  https://www.linkedin.com/pub/janet-marshall/a/27a/a98

Janet's previous  transactions include:

Leasing includes:

  • Accident Compensation Corporation (ACC) 
  • Primepac Ltd 
  • The Warehouse Group 
  • New Zealand Defence Force 
  • The Skin Institute
  • Transaction Services Group
  • Kalmar Construction Ltd
  • Medical Assurance Society
  • The Crate
  • New Zealand Drug Detection Agency
  • Inland Revenue Department  
  • Property Partners  
  • Vision Accounting
  • Ministry of Education  
  • Advanced Management Systems (AMS)
  • McLaughlin Law
  • Automobile Association
  • Straker Translations 
  • Carter Holt Harvey 
  • Goodwin Turner Commercial Lawyers 
  • Smartpay NZ Ltd
  • New Zealand Institute of Education 
  • Waitemata District Health Board 
  • Invenco Group Limited
  • Kiwibank 
  • Leading Edge Telecom 
  • North Harbour Business Association
  • IMS Health  
  • CCH NZ Ltd 
  • Northern Health School 

Sales include:

  • 12, 25 Corban Avenue, Albany
  • B4, 34 Triton Drive
  • B1, 59 Apollo Drive
  • 1/3 and 2/3 Cowley Place, Rosedale
  • 18 Cowley Place, Rosedale
  • 120 Wairau Road, Wairau Valley
  • Unit 6/39 Apollo Drive, Rosedale
  • Unit B1, 34 Triton Drive, Rosedale
  • Unit 1, 31 Northcroft Street, Takapuna
  • Unit 106F Bush Road, North Harbour
  • 8B, 331 Rosedale Road, North Harbour
  • 3 Milford Road, Milford
  • D4, 14-22 Triton Drive, Rosedale
  • 38B William Pickering, North Harbour
  • B2, 34 Triton Drive, Rosedale
  • 1A Nile Road, Milford
  • 14, 100 Don McKinnon Drive, Albany
  • B3 and B4, 17 Corinthian Drive, Albany
  • Unit 9, 100 Don McKinnon Drive, Albany
  • A1, 75 Corinthian Drive, Albany
  • B3, 210 Dairy Flat Highway, Albany
  • 104 Rosedale Road, Rosedale
  • B4, 210 Dairy Flat Highway, Albany
  • D3 and D4, 14-22 Triton Drive, Rosedale
  • 11 Apollo Drive, Rosedale
  • K, 39 Apollo Drive, Rosedale
  • 40C Triton Drive, Rosedale
  • 3A Tarndale Grove, North Harbour
  • G, 4 Antares Place, Rosedale
  • 2A and 2B, 331 Rosedale Road, Rosedale
  • B8, 210 Dairy Flat Highway, Albany
  • 46A-D Constellation Drive. Rosedale
  • B3 and B4, 72 Apollo Drive, Rosedale
  • 4B Argus Place, Wairau
  • B3, 63 Apollo Drive, Rosedale
  • D2, 63 Apollo Drive, Rosedale
  • 450 Glenfield Road, Glenfield

Notable Sales:

  • 2-4 Fred Thomas Drive ($60M)
  • ​Todd Park ($33M)
  • The Hub, Whakatane ($24M)
  • Walton Plaza, Whangarei ($13M)
  • 102 Rosedale Road, Rosedale
  • Bunnings, Whakatane
  • 51 Hurstmere Road, Takapuna
  • 27-31 Park Road, Grafton 
View expert

Matt Prentice

Director

Auckland North

Matt joined Colliers International in 2006 with a focus on mid to upper end industrial & investment transactions.  Specialising in tenanted investments, occupier representation through to vacant land / building sales on the North Shore, Matt was promoted to a North Shore Director in 2015.

In 2011 and 2012 Matt was awarded the "Golden Gavel" for Colliers New Zealand as the most successful auction sales broker across Colliers New Zealand. Matt has been the number one North Shore sales and leasing broker, 2011, 2012 and 2013.  In 2012, was a top 20 performer across Colliers New Zealand and has over $550 million of sales since joining colliers International.

In 2013, Matt was in the top 10 Highest Performing Brokers Nationwide and in 2014, he had a record year completing more than 50 transactions, and  finished in the top 10% of brokers in New Zealand.

In 2015, Matt completed over 60 transactions, more than any broker North of the Bridge, again finishing in the Top 20 brokers in New Zealand.

In 2016, Matt had a record year finishing top 10 in the country and was the top broker on the North Shore. 

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