263 Mt Smart Road, Onehunga

For sale by negotiation

9 Bed
6 Bath

SMART SPLIT RISE INVESTMENT


Strategically located at the corner of Mount Smart Road and Felix Street, the properties comprises of 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 pizza shop, a superette, a liquor store, a takeaway shop and a barber shop.

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

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

Current combined holding income of approximately $192,845net + 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 $192,845 net + GST per annum

Property details

Location:
263 Mt Smart Road, Onehunga
Property type:
House
Land area:
1315 m²
Bedrooms:
9
Bathrooms:
6
Property ID:
814038
Title(s), LIM - Land Information Memorandum, Earthquake Rating, Zoning, Information Pack

Distance to schools is as the crow flies and is provided as an estimate only. Source: Ministry of Education

In zone schools

Nearby schools

  • Te Papapa School0.4 km
  • Oranga School0.9 km
  • St Joseph's Catholic School (Onehunga)1.7 km
  • Ellerslie School1.8 km
  • Golden Grove School1.8 km
  • Onehunga Primary School1.9 km
  • St Mary's School (Ellerslie)2.1 km
  • Bailey Road School2.2 km
  • OneSchool Global - New Zealand2.3 km
  • Michael Park School2.6 km
{{noZoneExtraVisible ? "Hide" : ""}} 5 more schools

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