If commuting to work is getting you down, you want to live close to work or invest in a superior rental offering close to the busy Albany Centre, inspect Unit C6, 18 Oteha Valley Road Extension.
It's a large end unit within the near-new Lucas 18 development a few minutes’ walk away from Albany Stadium and Westfield Albany, transport hubs, swimming complex and Albany’s quaint restaurant-dotted village shopping strip.
Zoned business-light industry zone, this property offers a plethora of different options for an owner/occupier or investor.
For sale with vacant possession, the unit includes a medium-stud warehouse on the ground floor, complete with toilet (or parking for a vehicle).
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The first level features two bedrooms, a designer kitchen and cosy lounge, bathroom and two separate balconies – a comfortable home for those who don’t want to double up on business and living costs.
In other words, this property is extremely versatile. Live and work as an owner-occupier; lease the warehouse to a commercial tenant and the apartment to a residential tenant separately; or lease the whole ‘kit and caboodle’ to a commercial tenant.
Constructed of concrete wall panels, concrete floors, aluminium weatherboard and window frames, you can rest easy that this light-filled property will suit your choice of configuration.
Located on the northern side of Oteha Valley Ext, the 145sq m property is a stone’s throw from Massey University and close to primary and secondary schools, including Albany Junior and Senior High Schools, Pinehurst and Kristin. The Albany Tennis Park and Albany Skatepark at Hooton Reserve are moments away, as are the Oteha Valley Rd motorway onramps and exits.
The unit has two parking spaces allocated, boasts a capital value of $810,000 (2017) and includes a separate entrance to the ground level.
“This live/work unit is very handy to just about anything the modern individual or small family could need,” NAI Harcourts’ Dave Lane says. “It offers very easy access to a selection of retail shops, including popular eateries, automotive dealers, pharmacies, hair salons and accommodation.
“You might be someone wanting to start a business who needs space as well as accommodation. You might want to attain top dollar by leasing out each level to different people, or live in the top and rent the warehouse. You might just want to get out of the rat race and avoid those motorway snarl-ups by relocating your business to this location.
“This is a property you can invest in and know it will suit whatever use or requirement you will need in the future. We are anticipating great interest in the unit, so do not delay in taking a look or you might well miss out.”
The property will be auctioned at 6.30pm on Thursday, 2 September 2021 at Harcourts, 128 Hurstmere Rd, Takapuna (unless sold prior).
- Article supplied by NAI Harcourts
