This ticks all the boxes. An ornate character freehold building on the market for the first time in 60 years. A split-risk, mixed use investment with an established retailer, light filled first floor studio and quaint residential cottage. The most affluent address in Auckland, Herne Bay. This is your entry into the area, all with add-value potential.
The fully leased property returns a combined annual total of $137,419 per annum across three tenancies. Investors will have surety in the high level of tenant demand in the area. Occupiers will see an opportunity in the well-appointed residence and first floor studio, both boasting great views north and south. Developers could redevelop the rear site with a modernised building. The options are endless.
Reap the rewards of investing in Auckland’s premier residential suburb. Scarcely does a property of this nature enter the market. Please contact the Colliers listing agents for further information and inspection windows today.
For sale via Deadline Private Treaty closing 4pm, Wednesday 7th August 2024.
Features:
* First time on the market in 60 years
* Fully leased character building in Auckland’s most affluent suburb
* Split-risk across three tenancies returning $137,419 per annum
* Potential to add-value or occupy while retaining income
* Premium entry into a Herne Bay investment
