Onehunga - SMART SPLIT RISK INVESTMENT

Price
Location 263 Mount Smart Road, Onehunga
Type Retail Property
Floor Area 681 m2
Land 1315 m2
Listing No # 87417
Listed 21/01/2022
Views 123

Description

Strategically located at the corner of Mount Smart Road and Felix Street, the properties comprise three freestanding buildings totalling 1,315m² of Freehold land.

Building 1: the Hutchinson Arcade is a block of six retail shops, with long-term established tenants, including a bakery, a superette, a liquor store, a takeaway shop, and a barbershop.

Building 2: also known as 53 Felix Street, is a freestanding three-bedroom residential house, with tenants in place.

Building 3: also known as 53c-e Felix Street, is a workshop/office space.

Current combined holding income of approximately $175,149 net + GST per annum (with some vacancy), with the potential income to be approximately $218,000 net + GST per annum if fully leased.

KEY FEATURES

  • Large Freehold land of 1,315m² in an upcoming area
  • Combined net rentable area of approximately 737m²
  • Split income streams from commercial and residential tenancies
  • Long-term established tenancy in place
  • Huge rental upside with owner-occupier options available
  • Current holding income of approximately $176,149 net + GST per annum
  • High yield investments like this are hard to find
  • Motivated vendors - this one will sell

Contact our agents

Barfoot & Thompson Ltd (Licensed: REAA 2008) - City Commercial

3/50 Kitchener Street
AUCKLAND CITY , 1010


Stephen Chang

P: 09 21 5 2685
M: 021 92 8 687

Barfoot & Thompson Ltd (Licensed: REAA 2008) - Greenlane

255A Great South Road, Greenlane
Auckland , 1051


RealEstate Agents contact details and original listing on www.realestate.co.nz -

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