470 Beach Road, Murrays Bay

Gracefully positioned along the scenic coastline, this exceptional commercial property at 470 Beach Road emerges as a premier jewel on the sought-after North Shore. Offering an elevated site with breathtaking panoramic sea views, it represents not just an investment but a promise of prosperity and an unparalleled lifestyle. With vistas over the stunning Murrays Bay, the horizon beckons with opportunities for substantial capital gains, establishing this coveted property as a North Shore treasure. Strategically situated a stone's throw from the inviting waters of Murrays Bay, the property is nestled among prestigious schools, restaurants, beaches, surf and tennis clubs, supermarkets, and bustling local amenities. This prime coastal location enhances its prominence and charm. Spanning 1,236 sq m of prime freehold land with a floor area of approximately 490 sq m, including 3 well-established restaurants, the northeast-facing building is bathed in sunlight and stands as a testament to boundless possibilities and potential. Zoned as a Neighbourhood Centre, the property opens doors to various development opportunities, with the council property file and concept plans available. Currently, the property provides reliable returns with secure tenancies, offering a steady annual income of around NZD $200K+ GST with CPI rent reviews. Annual rates, insurance, and outgoings are paid by the tenants, ensuring a steady income. The motivated seller presents a rare opportunity to invest in a turnkey property with extensive future prospects. Don't miss the tide - act now to seize this opportunity and capitalize on this unique offering. Inviting overseas buyers and agents for inquiries and conjunction. Boundary lines are indicative only. Some photos are artistic renders....