A high-profile commercial asset, one road back from the beach in the bustling Browns Bay village centre, is offered to the market for the first time in three decades, providing developers, add-value investors and owner-occupiers an opportunity to secure a versatile landholding in one of northern Auckland’s premier coastal communities, Bayleys brokers say.

Bayleys North Shore development and investment sales specialist Michael Nees is marketing the 763sqm (more or less) freehold site at 24-28 Clyde Road for sale by deadline, closing at 4:00 pm on Thursday, 14th August 2025 (unless sold prior), alongside colleagues Ranjan Unka and Steven Liu.

The property features in Bayleys’ latest Total Property portfolio.

Nees says the dual-tenanted property is positioned just steps from the beach, flanked by a range of community amenities, including national retailers New World and Woolworths.

“Comprising two levels and approximately 838sqm of floor area with income from two established tenants and a vacant first-floor office tenancy, the property offers an appealing blend of income and upside potential through re-leasing, or owner-occupation.

“The property has been a proven rental performer with strength of income from long-standing tenants, including New Zealand’s largest retailer of books, stationery and magazines – Paper Plus – and boutique general practice law firm, Young & Caulfield.

“The current net annual income is $146,132 plus GST and outgoings, with full occupancy projected to return $235,488 pa based on current market rental analysis.”

The premises features 12 on-site car parks with visibility along Clyde Road – the key retail thoroughfare with convenient access to arterials Inverness and Anzac Roads.

Bayleys investment sales and leasing specialist Ranjan Unka says the flexible internal layout is well-suited to a range of retail, commercial and professional services, further supported by Business – Town Centre zoning, which allows for a variety of future development options, including residential apartments, mixed-use, or commercial redevelopment.

“With a versatile configuration, intensive development provisions, and no body corporate, the property provides control, security and long-term strategic potential,” he says. “It’s ideal for purchasers seeking holding income with a view to repositioning or redeveloping the site in the future.”

Located 150m from the golden-sand Browns Bay Beach, which forms part of the popular North Shore Coastal Walk, and surrounded by a growing residential catchment, Unka says the area has experienced a transformation of late, supported by demand from retailers and service providers eager to fulfil the needs of a growing local population.

“With several new apartment developments, including the mixed-use Victor complex, 53-apartment Kauri Residences, and recently completed Oceania Healthcare aged care complex, Browns Bay has seen an increase in housing density and demand for community amenities, which bodes well for commercial asset owners and those with a development eye on the future.

“The area has regained momentum as a lifestyle destination with all the convenience of an urban town centre. With its central location, mixed-use zoning, immediate income and upside potential from redevelopment or re-leasing strategy, the property provides a standout opportunity along Auckland’s coveted East Coast Bays.”