507 Sandringham Road, Sandringham Prime Sandringham Village investment

Available PropertyFiles:

  • /Certificate of titles and interests/
    • Certificate K62758.pdf
    • Certificate of Title.pdf
    • Compensation Certificate K55221.pdf
    • Covenant 13160885.1.pdf
    • Transfer 189944.pdf
    • Transfer 199876.pdf
    • Transfer 294841.pdf
    • Transfer 298368.pdf
  • /LIM Report/
    • LIM - 507 Samdringham Road, Sandringham.pdf
  • /Lease Document/
    • Deed of Lease (2024).pdf
  • /Property Files/
    • Property Files (Council).zip

Property Description

• High-profile investment in the tightly-held Sandringham village, one of the most sought-after suburban hospitality precincts in Auckland
• Recently renovated property generating a net rental of $130,000pa + GST
• Fully tenanted by 507 Bar and Eatery, a modern contemporary restaurant featuring a brand-new restaurant fit out and a residential dwelling at the rear
• Favourable Residential THAB zoning ensures strong future development upside

A rare opportunity to acquire a modern passive investment. This prominent main road property features 507 Bar and Eatery at the front, a contemporary restaurant offering a mix of modern Middle Eastern and European cuisine - while a consented three-bedroom residential dwelling adjoins the rear. Fully tenanted under a single commercial lease - a four-year term from 2024, the property benefits from guaranteed two yearly rent increases.

Strategically positioned in the Sandringham village, one of Auckland's most popular hospitality hotspots, attracting patrons from across the city. Prominently located just off Mt Eden and St Lukes, the village has a history of low vacancies, consistently demonstrating high demand and strong occupancy

This investment ticks all the boxes - strong lease covenants ensure stability, rental upside, and long-term investment security.

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Terms of Supply

The following information has been supplied to Bayleys Real Estate Limited (“Bayleys”) to be made available to any prospective interested parties for general information purposes only.
Bayleys and the Vendor do not warrant the accuracy or completeness of the information and recommends that all recipients make their own enquiries to their satisfaction in all respects and seek their own independent expert advice.

Contact Matt Lee

Matt Lee

Senior Broker, Asian Markets

09 375 8424   021 1515 505   matt.lee@bayleys.co.nz   All Listings

Matt Lee is a Senior Commercial Broker focused on Development, Commercial Sales and Leasing.

Joining the Real Estate Industry with Bayleys in 2013, Matt was quick to exhibit and develop strong Real Estate brokerage knowledge and skills, as a key part of Bayleys highly successful International Sales Team working closely with James Chan, Bayleys first salesperson to achieve $1 billion in transactions. Specialising in the Commercial sector, Matt was involved in a significant level of Standalone and Unit Title sales and leases all throughout the Auckland region, and in 2020 was promoted to the position of Senior Broker.

From 2021 to 2022, Matt focused on the Development and Project Marketing sector, heading up the Project Marketing Division for a global real estate brand, marketing and selling projects with a combined market value of over $500 million across New Zealand, from development sites, terrace housing, apartments through to sections, and leading a team of 15 specialised project marketing agents.

Returning home to Bayleys in August 2022, has developed a strong understanding of both the local and global markets. Together with Bayleys and their market-leading resources, Matt has his finger on the pulse of real estate property trends and developments, ensuring opportunities are maximised and clients’ assets and expectations are surpassed. A product of the highly regarded University of Auckland, Matt graduated with a conjoint Bachelor of Property and Bachelor of Commerce (with a double major in Marketing and Management) degree. Influenced by his Chinese heritage, Matt values integrity, respect, dedication, hard work and diligence, and he has that willingness to go that extra mile to ensure successful results for his clients.