The two substantial retail units are for sale in Browns Bay's main street on Auckland's North Shore.
"With a high-profile, close to the beach and with high foot traffic, the blocks are available to buy together or individually," says NAI Harcourt's Isaac Tankard who is marketing 87-107 Clyde Rd - both with unit titles - for sale by negotiation.
"They generate healthy returns year-round," Tankard says.
• Unit 1 houses seven tenancies: Subway, Noodle Canteen, Beach Bistro cafe, the Ministry of Social Development, Caroline Eve clothing, and Velvet Gypsy bar and restaurant. It has a total floor area of 1178sq m and 30 dedicated car parks. It earns net rent of about $366,211 per annum but has the potential for income of $429,091 + GST + outgoings.
• Unit 2 has four tenancies: Pizza Hut, Small Business Accounting, Phone Repairs and the Pho Vietnamese restaurant generating $181,526 + GST + outgoings. It has a total floor area of about 465sq m and six dedicated car parks.
"These numbers will appeal to investors," says Tankard. "As multi-tenancies they offer first class split risk income and stability; with the cafe and Velvet Gypsy having attractive frontages on to Browns Bay beach."
With a beachside 'vibe', interesting shops and a range of bars and cafes, Browns Bay's star has been rising rapidly, Tankard says.
"At the epicentre of the East Coast Bays' commercial activity, this is an ideal place to live, raise a family, visit for the day, or celebrate a special night out," he says.
"It's also now become one of the best high-end locations in Auckland for commercial property."