Property listing ID: 4089383
A multi-tenancy, mixed-use property contained in one title. The building comprises three levels, with all four units in the body corporate having a commercial tenancy at ground level and residential apartments above. Constructed in 2002, the property has a total gross floor area of approximately 265m² (per Auckland Council records), generating an annual net income of approximately $46,968 (plus GST on the commercial portion). Ground floor commercial: a dedicated office/warehouse tenancy of approximately 165m² gross floor area. Annual income is $23,484 + GST net per annum, equating to approximately $142/m². Upper-level residential: a two-level, four-bedroom residential apartment with a gross floor area of approximately 100m², returning $23,484 per annum ($451.62 per week). KEY FEATURES: • Fully leased until 31 August 2029, returning $46,968 (plus GST on the commercial portion) • Vacant possession available • Highly desirable location for both commercial and residential tenants • Zoned Business - Light Industry
Listed by Barfoot & Thompson , Colin Stewart (City Commercial)