What if you could have a commercial investment but you could live in it as your home? Have the best of both worlds. Live and work scenario combined. This part of the street has a mix of commercial/industrial type activity (e.g. the kitchen cabinet people next door) and residential homes across the street. This is the way that most suburbs are going, having a mixed use theme. Walk to the bus, the bakery, and then the gym (probably do the gym after the bakery!!). The house which is circa 1920s has been relocated and has been partially renovated but there is so much more that someone with creative vision can do here. A crosslease freehold title (half share of approximately 1047 sq m with the house in front); this is opportunity knocking! Privately at the back of the section. Inside the dwelling offers 12 foot stud and no doubt is made of reliable and valuable New Zealand timber, most likely Kauri. There aren't many on island with this character yet alone this zoning - Commercial 5 (industrial) it gives options. Currently tenanted at $500 per week on a periodical agreement; do your maths, this could be a great return.
Two generous bedrooms and two other rooms downstairs, large bathroom (ripe for renovation) and good size kitchen plus separate lounge. The back veranda has a sea view, other deck could be made into a really wonderful space and has a very sunny, north west aspect. Off street parking for three vehicles, large water tank and so much more, including large storage spaces for workshop/office area in the basement. This is one of the most versatile, affordable, commercial properties on island. Think ahead of the pack, perhaps be your own boss if you think outside the square. Get cracking as this property won't last.