• Diversified income stream returning circa $315,020pa + GST
- High profile 1,232sqm (more or less) triple fronted site
- Zoning allowing for apartment redevelopment up to 18m
- Minutes from Browns Bay beach in the heart of the Town Centre
Offered to the market for the first time in 50 years, 68-76 Clyde Road presents one of the premier commercial/redevelopment sites in the North Shores seaside suburb of Browns Bay. Located on a high profile corner, the property is triple fronted at the intersection of Clyde and Bute Road with a service lane and car parking to the rear.
A diversified cashflow anchored by a long-standing tenant that occupies the anchor tenancy, the property provides a risk diverse return from several retail and hospitality tenants. The nature of the site makes for a logical redevelopment opportunity in the future with its corner position providing huge upside for any potential apartment schemes to be explored on the property in the years to come.
Browns Bay is a thriving hub of commercial activity driven by its desirable livability, recent investment from Foodstuffs and Progressives will give purchasers confidence in the location with the calibre of the asset on offer speaking for itself.
For Sale by Deadline Private Treaty (unless sold prior)
4pm, Thursday 1st July 2021
