Tenanted live/work investment


Unit 20, 45 Karepiro Drive, Stanmore Bay

Asking Price NZD $759,000 + GST (if any)

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Tenanted live/work investment | Unit 20, 45 Karepiro Drive, Stanmore Bay | 1270103 |      X Close
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Tenanted live/work investment


This unit is set in the rear of the development and features a self-contained ground floor studio unit with access to a private rear courtyard and high-stud commercial space. The upper level contains a full two bedroom apartment.

The property is currently leased to two residential tenants:

Upper level - two bedroom apartment tenancy until 28th January 2021

Lower level - studio apartment tenancy until 31st December 2020

Total gross income is $43,680 pa (incl GST) allowing for an approximate yield in the mid 5% range.

This offers an affordable investment with interest rates at incredibly low levels and flexibility for future rental to two tenants as currently structured or for a single tenant wishing to utilise the live/work design with the commercial/storage space on the ground floor.

Penlink is now also back on the table so access to the Whangaparaoa Peninsula is only going to improve in the future.

Also available for sale are:

Unit 5 - www.bayleys.co.nz/1270104

Unit 15 - www.bayleys.co.nz/1270105

These live/work units are currently vacant making them ideal as investments to add to your portfolio or for owner/occupiers looking to operate a business eliminating the need to commute from home

Dylan Turner

Orewa

Licensed under the REA Act 2008

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Unit 20, 45 Karepiro Drive, Stanmore Bay

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Dylan Turner

Orewa

Licensed under the REA Act 2008

View profile