MORTGAGEE AUCTION – 161 Lake Road, Belmont
High Visibility Corner Site Investment
Positioned on a prominent 414m² freehold flat corner site at the intersection of Lake Road and Egremont Street, this Business – Local Centre zoned property offers a high-profile holding in a tightly held North Shore location.
According to a past real estate advertisement, the property includes approximately 160m² of improvements and is currently leased to a long-standing dental practice, returning a net income of $52,000 per annum.
The established tenancy provides income, while the zoning supports a range of future commercial or mixed-use options (subject to council approval).
Located within a well-established and sought after area, close to local schools, Devonport marina/ ferry terminal, and a short drive to Takapuna Beach, shopping, dining and more.
Please phone Bruce for a viewing time.
