Browns Bay, North Shore City

Diversified income of $357,964.34 per annum over a range of tenancy typesHigh profile 1,232sqm (more or less) triple fronted siteTown Centre Zoning allowing for apartment redevelopment up to 18 meters 68–76 Clyde Road presents a compelling investment opportunity underpinned by a diversified income stream and established tenancy profile with significant development potential in the heart of Browns Bay.The property generates a total net rental of $355,043.34 per annum, spread across eight separate tenancies, providing investors with a balanced and resilient cashflow. The income is supported by a mix of medical, retail, office and service occupiers, including well established local businesses and long-standing tenants, delivering continuity of income, underpinned by a long-standing anchor tenant on a new 5 year lease term. The property’s income profile is well diversified, comprising approximately 33% food and beverage, 31% medical, 20% traditional retail, and 15% education/office.The site’s prominent corner position and underlying landholding create a highly logical redevelopment opportunity in the future, with significant upside for a future apartment development above ground-floor commercial capitalising on this sought after coastal location and triple fronted site.