Located on the fringe of the City Centre, this property offers an incredible investment opportunity with a mix of rental income streams.
• Total annually rental income approximately $62700
• 442A St Asaph - Residential unit
Featuring open plan living, dining & kitchen at ground floor; 3 bedroom and 1 bathroom upstairs. Currently rented for $340 per week.
• 442 St Asaph - Lunch bar with 1 Staff car park & 2 customer car parks.
Leased at approximately $450 per week fixed till 2034 with rights of renewal.
• 50A Phillips Street - Workshop & Offices with 2 car parks.
Ground level with an extra-large, high-ceiling workshop/garage & second toilet: 2 office rooms, kitchen, bathroom & toilet upstairs. Currently rented for $416 per week fixed till Feb 2025.
With excellent tenants in place, this property is easy to manage and maintain, making it a stress-free addition to any portfolio. Whether you're looking to landbank, invest, or explore potential for redevelopment into a mix of commercial and residential spaces, this property is full of possibilities.
Our vendors are relocating to Auckland, giving you the chance to unlock the full potential of this prime offering. Don't miss out-contact us today for more details!
