Freehold High Profile trophy investment on the end of Remuera Road towards Newmarket, hard to beat the location!
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.
The site front stage 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 in three separate parts boast a commercial space in the front and 4 bedroom flats upstairs and one separate flat at the back, with plenty of parking available on site can be leased as an extra income stream.
• 200m to the Newmarket train station. • Business & Residential - Mixed Use zone with a 27 metre height control, subject to Volcanic cone sight lines • Estimate rental income at $125,000-$130,000 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 • North facing, "Possible Great Sea views if built higher"
To download the property files please copy and paste the link below http://www.propertyfiles.co.nz/807878