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Snells Beach

2/250 Mahurangi East Road, Snells Beach, Rodney

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403sqm Floor area

Asking Price NZ$1,500,000 + GST

 (if any)

Split-risk investment opportunity


•Unit-title property with a split-risk profile
•Annual return of $79,900+GST per annum from a well-established equipment hire tenant and a first-floor residential tenancy
•Opportunity to add value by converting the first-floor apartment into highly sought after office space

2/250 Mahurangi East Road is a well presented split-risk investment returning $79,900+GST across two diversified tenants.

The property benefits from high visibility being located on the main street of Snells Beach - part of a popular North-Auckland growth area.

The property features a tilt-slab construction and is currently configured as two tenancies, featuring a ground-floor commercial premise and a first-floor apartment. The ground floor is fitted with polished concrete floors, 5m stud in rear bay, side and rear roller door access, and a 15sqm (more or less) mezzanine lunchroom. The first-floor apartment measured at 156sqm features two bedrooms, two bathrooms, kitchen, laundry and lounge.

The property has a meaningful value add opportunity in the event the first-floor apartment was converted to commercial office space, currently in short supply in the wider area.

Henry Napier

Henry Napier


Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008
Chris Blair

Chris Blair


Mackys Real Estate Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Location:


Main Street, Snells Beach

Return p/a:


$79,900+GST per annum from a well-established equipment hire tenant and a first-floor residential tenancy

WF Label 3


WF Description 3