61-63 St Lukes Road
FOR SALE
61-63 Saint Lukes Road, Mount Albert, Auckland, 1025
This exceptional commercial property presents a unique opportunity to acquire a high-profile, freehold 1,593 sqm site in the heart of the St. Luke's retail precinct. With Business – Mixed Use zoning and an 18m height allowance, this immaculately presented property is a trophy investment in a tightly-held area. Strategically located directly across the road from the Westfield St. Lukes Mall, this property is fully leased to established tenants, generating an annual income of approximately $425,612. The quality of the asset is evident, making it highly appealing to astute investors and family trusts alike.
The property boasts a total floor area of 744 sqm, sits on a generous 1,593 sqm land area, and offers 28 car parks for tenant and customer convenience. The current tenant mix includes multinational company Evo Cycles on the ground floor, Kitchen Studio, and Michael Prasad Group (accountants) on the first floor. Additionally, a long-term lease for the electronic billboard by Lumo adds to its income potential. Situated within the St. Lukes retail precinct, this location offers easy access to transport links and a plethora of amenities. It enjoys a high-profile position in the established area of Mt. Albert, with St. Lukes Road serving as a bustling hub surrounded by a diverse mix of retail, commercial, and residential properties.
Transportation is a breeze with State Highway 16 just 2km north-west, providing quick access to Auckland CBD and the northern and southern motorways. Public transport options are also conveniently located, including bus stops lining St. Lukes Road and the Morningside Train Station within walking distance. With Westfield St. Lukes Shopping Mall directly across the property and the St. Lukes Mega Centre situated just behind, this property offers an unparalleled opportunity to invest in a prime commercial asset in a thriving retail precinct.
Don't miss out on this strategically positioned investment opportunity. Contact us now for further information and to arrange a viewing. This property represents the epitome of a high-profile, income-generating, and strategically located commercial asset. Invest in success today!
FEATURES & AMENITIES
INTERIOR
EXTERIOR
TOTAL BEDROOMS
TOTAL BATHROOMS
FLOOR AREA
PARKING
FLOORING
DECK
EXTERNAL WALLS
ROOFING
AREA & LOT
FINANCIAL & LEGAL
4
2
190 sqm
Hardwood & Carpet
OTHER FEATURES
Marble Kitchen Tops
FIREPLACE
Yes
Yes
Double Garage
Brick
Tile
STATUS
LAND AREA
OTHER FEATURES
Stream, Large Picturesque Pond, Barn, Shed(s)
6.55 Hectares
For Sale
TITLE
Freehold
ZONING/UNITARY PlAN
Zone 11 Rural - Mixed Rural, Rural Industry Zone B
YEAR OF CONSTRUCTION
1969
CONTOUR
Level, Flat Land with Quality Soil
VIEW DESCRIPTION
North Facing, Valley, Mature Trees
TITLE
NA16C/244
LEGAL DESCRIPTION
LOT 2 DP 60666
SALES PRICE
BY NEGOTIATION
CV
$1,850,000 as of 01/06/2021
LAST SOLD
$2,570,000 in 12/2016