The 1950s' era building (measuring 188sq m) has a wide street frontage on to Barrys Point and a rear boundary fronting the Shoal Bay Council Reserve.
Grind operated there for the past 10 years but previously it housed a homeware/garden showroom; an office; a video store and a marine chandlery shop.
The present lease expired on September 30, with the tenant choosing to relocate their business, allowing the property to be sold with vacant possession.
Situated on the eastern side of Barry's Point, about 300m from the intersection with Esmonde Rd, makes this a sought after location, says Bruce.
"It benefits from easy access to the Esmonde Rd motorway interchange and is only 4-5 minutes' drive from the Auckland CBD.
Astute investors place significant value on such central locations, adds van Barneveld.
"It has easy access, convenience for customers, exposure to passing traffic, low vacancy rates and consistent demand for space from businesses seeking premises on the street," he says.
This ensures good capital appreciation, and with the recent zoning change to Business-Mixed Use, there is the potential for greater intensification of the site to incorporate a mixture of commercial and residential uses.
The building on the site appears to have concrete block and wooden jack stud foundations, polished timber floors, timber weatherboard/panel and brick wall exterior, combination of timber and aluminium joinery and an iron roof. The layout consists of a front retail area with kitchenette and disabled toilet towards the rear, separate offices, bathroom (an unconsented tenant improvement), open plan area and basement storage.