Colliers is pleased to present 160 Lake Road, Northcote – a prime freehold investment opportunity in one of the North Shore’s most connected and high-demand locations.
Positioned on a generous 2,102sqm fee simple site, this modern asset offers a rare combination of secure income, strategic location, and long-term development potential under the Unitary Plan’s Terrace Housing and Apartment Buildings (THAB) zoning.
Returning $344,473 net per annum + GST (Jan 2026), with over 8 years remaining on the current lease, this investment features fixed annual rental increases and market reviews, providing guaranteed rental growth. The tenant is a well-established medical and wellness operator, Flexa Clinic, which has a strong track record and a reputation for excellence in physiotherapy, rehabilitation, and allied health services. The business has invested significantly in the site, reflecting long-term commitment and operational stability.
Located in the heart of Northcote, the property sits along a key arterial route linking Takapuna, Birkenhead, and the Northern Motorway. It’s just minutes from Northcote Shopping Centre, AUT’s North Campus, and key residential catchments including Hillcrest, Glenfield, and Milford. The Auckland CBD is only a 10-minute drive away (off-peak), making this a truly strategic position for both tenants and long-term capital growth.
Zoned THAB under the Auckland Unitary Plan, the site also offers strong future development potential, with a maximum building height of 19.5 metres (subject to planning).
This is a prime passive investment in a location poised for continued growth – a must-consider for investors seeking security, upside, and location.
Contact the Sole Agents for more information or to arrange a time to view.
Shoneet Chand 021 400 765, Matt Prentice 021 464 904 & Jack Tuson 027 448 1148
Features:
- Returning $344,473 net per annum + GST (Jan 2026)
- 8+ year remaining lease term + ROR
- Fixed annual rental growth + market reviews
- Established tenant with excellent reputation
- 2,102sqm freehold/fee simple title
- THAB Unitary Plan Zoning (19.5m HL)
- Modern construction with multiple access points
- High growth North Shore location
- 10-minute drive to Auckland CBD (approx non-peak)
More information: https://www.colliers.co.nz/p-NZL67035220
