Freehold standalone trophy investment on Remuera Road "Medical Mile" and walking distance to Westfield. If you assess your property buying based on address and location, then this is hard to beat. The property has pride of place in an exclusive strip of only four properties, situated between the recent large-scale commercial office development occupied by Watercare and the St Marks Anglican Church to the East. Visibility to the street is excellent. The site frontstage sits on-grade with Remuera Road and drops away easily to the rear, which will in the future hugely assist in the site excavation and development.
The two storey house has six tenancies in total with a term commercial lease in the main ground floor premise and five residential occupiers. The existing terms are set to allow for vacancy and occupation based on periodic tenancies.
• Fee Simple (freehold) land area of 544m² • Business - Mixed Use zone with a 27 metre height control, subject to Volcanic cone sightlines • Income $127,000 pa (approx) • Split income stream with a good potential for owner occupation • High visibility property • Only minutes walk to Broadway and the New Westfield Shopping Precinct • 200m to the Newmarket train station.
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