92 Queen Street, Waiuku

$1,750,000

4 Bed
2 Bath

Investor Yield Plus Opportunity to Build


Social distancing and contact tracing protocols will be in place.

Investors looking for good cash flow and the opportunity for capital gain must inspect.

The 1457m² site has both commercial and residential tenants in place returning approx $73,000 per annum. The head tenant Aurora Law will enter into a five-year renewable lease should the new owner wish, and the residential tenant is also desirous of signing a long lease. Vacant possession is also an option.

The total building area is approximately 365.03m². The commercial half of the building totaling 210.65m² has three meeting rooms, six offices, reception area and is ideally suited for continuation to office space. The 154.38m² residential flat is currently configured with open plan kitchen/dining/lounge areas, five double bedrooms (master with ensuite), family bathroom and separate toilet. The flat has a great sense of space with easy outdoor flow to the deck area and is well suited to large families.

The vendor has commissioned concept plans for a third lot at the rear of the property of 368m² in total, with the zone for the entire site being Residential Mixed Housing. There is ample parking onsite for the commercial and rental tenants, with further development of the site not impinging on the current allotment of parking spaces.

Situated in a handy location near to schools, parks and town centre amenities. Book your private viewing today!

Property details

Location:
92 Queen Street, Waiuku
Land area:
1457 m²
Bedrooms:
4
Bathrooms:
2
Off street parking:
3
Property ID:
822243

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

In zone schools

Nearby schools

  • TKKM o Waiuku0.3 km
  • View Road School0.7 km
  • Sandspit Road School1.5 km

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