2/250 Mahurangi East Road, Snells Beach, Rodney

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.