A Prime piece of Waiuku Commercial Real Estate with 2 main street frontages, located right in the centre of town. Good leases and tenants, presently returning income over $73,000 (plus GST and OPEX)per annum which is an excellent 9.75% yield on investment.
The building comprises 3 retail/office spaces downstairs plus a studio apartment, and a 3 bedroom fully self contained flat upstairs.
The 3 retail/ office spaces have main street frontages and comprise 270m2 (more or less) returning $49,311 p.a. (plus GST and outgoings). The existing businesses are a Dairy, Real Estate Office and a Travel Company.
There is a fully self contained 125m2 (more or less)
3 bedroom flat upstairs with it's own entrance and a separate 50m2 (more or less) studio apartment downstairs. The flats return $470 per week on periodic tenancies.
Total floor area of the whole building is 450m2 (more or less), and land area 325m2 (more or less) on a single Freehold title.
This is an ideal pure investment property or could be the owner-occupier lifestyle you have been looking for.
There is plenty of free public parking just 100m down the street, ideal for clients, staff and customers.
The building has recently been inspected for it's Initial Seismic Assessment and a L.I.M. report will be available.
A building that has retained a lot of the original character (see the old photo taken around 1908), with main street frontages on to Queen and Bowen Streets, this is truly Prime CBD Real Estate.
Asking price $750,000 (Plus GST)
Inspection by appointment only.

Agency reference #: WKU20783