Whitianga
17 Monk Street, Whitianga, Thames-Coromandel
Auction
(unless sold prior)
Mixed Use Residential / Commercial Investment
Located in the main CBD of Whitianga, this rather unique multi-tenancy commercial investment property offers mixed use retail/commercial and residential. There are four separate shops currently providing an income of approximately $53,000pa net. Residential accommodation is included, (2 apartments), and a separate studio/workshop which provides an opportunity for an entrepreneur to establish a business and reside on-site.
Property Details:
-Land area - 516m2 (MOL)
-Building area - Over 800m2 constructed over 3 levels
-Ground floor retail/commercial - 335m2 (MOL), carport/locker - 40m2 (MOL)
-First & second floor residential - 376m2 (MOL), First floor deck & terrace - 60m2 (MOL)
-Zoning - Operative & Proposed District Plans - Pedestrian Core
The ground floor is divided into four retail/commercial tenancies, with kitchenette, and shared toilet facilities. The first floor comprises of a residential apartment licensed as 'Traveller Accommodation' with open plan kitchen/living, bathroom, double bedroom with walk-in wardrobe and a study. The main sunny and spacious apartment on the first floor contains a large double bedroom, bathroom and open plan kitchen/dining/living with fireplace, glazed roof panels, opening onto a large tiled North facing covered terrace with access through double bi-fold doors. There is also a large separate workshop/studio area leading directly onto the terrace. A timber terrace extends out over the carport with a small sunny conservatory. An internal stairway from this apartment leads up to the second floor which contains a double bedroom, bathroom, a large games room with built-in bar, and a small office. Direct access from Albert Street (the main street) is via a shared driveway. Uncovered parking is provided in the rear yard for 2 vehicles and another 2 vehicles in a carport under the terrace. Whitianga is a rapidly growing coastal area and renowned holiday destination located on the Eastern seaboard of Coromandel Peninsula.
