AMI Building Takapuna

1.0          Property Summary
 

1.1     Address

529 Lake Road, Takapuna, Corner Como (opposite Shore City Westfeild).
 

1.2     Property Discription

The land comprises a regular, oblong shaped site situated at the corner of Lake Rd and Como St in the Takapuna CBD. Lake Rd and Hurstmere Rd are considered to be the two premier streets in this precinct. Lake Rd accommodates largely retail and office type buildings and tenants include most of the major banks in the adjoining block. The Westfield owned, Shore City shopping mall faces the subject property on Como St, with its main entranceway situated directly opposite the subject property.
This corner is adjacent to Takapuna’s largest pedestrian count as a consequence of the Mall entranceway, the nearby Central bus terminal and the Council managed, Takapuna public carpark across Lake Road.
 

1.3     Retail Description

We have 1 small retail tenancy of 54m² for lease. This space opens onto Como St frontage and have access via Lake Road. The tenancy would best suit small retailer who can not pay the high rentals in Shore City but want a quality retail location Takapuna’s busiest corner. The building is to be refurbished, improving the access to the retail, with more natural light and visibility. We see businesses such as florists, key cutters, photo shop or small specialist destination retailers achieving great success here.
This is an opportunity to secure a long term tenancy in which a quality business can be developed in one of Takapuna's busiest locations and across the road from a major shopping centre which has excellent free carparking.
 

1.4      Zoning

Business 3 (Area B), North Shore City District Plan.
This zone allows for a wide range of permitted activities normally associated with a sub-regional business destination.
 

        1.5     Land Interest

Freehold.
 

2.0    Works to be carried out:

      The refurbishment works envisaged include the following:
a)       Reconfiguration of stairs at corner Lake Rd/Como St to provide better access to/from Como St retail tenancies.
b)       General refurbishment of streetscape at that corner to provide better visibility to the Como St retail tenancies. 
c)       General repainting of building exterior façade.
 

3.0     Areas and Rentals

 
4.0     Lease Details