Foothold in popular Browns Bay

The vacant corner commercial unit at 87-107 Clyde Rd. Photo / Supplied

Browns Bay is growing in popularity, not just as a great place to live and raise a family, but also as a prime area to invest in commercial property, say NAI Harcourt's agents Isaac Tankard and Nick Young.

They expect their new listing — a vacant commercial unit at 87-107 Clyde Rd — will appeal to investors when it goes to auction at 1pm, on March 28.

The single-level freehold building is situated on a corner site with prominent dual street frontage onto the main Clyde Rd shopping precinct.

"With in a high-profile position, just 100m from the beach and benefiting from high foot traffic from locals and visitors, the block is a fixture in the area and the building has an impressive 85 per cent new building standard [NBS] seismic rating," Tankard says.

Young says the vacant unit has a floor area of about 264sq m and one car park; although additional street parking is available in the area.

He says Browns Bay is unusual in Auckland, having continued to grow while still preserving its village aura.

"There is an understanding in the commercial fraternity thatinvesting in East Coast Bays in general, and Browns Bay in particular, will reap the rewards. This will be particularly the case as the locality undergoes continued intensive development over the next few years."