Split-risk investment opportunity


2/250 Mahurangi East Road, Snells Beach

Asking Price NZD $1,500,000 + GST (if any)

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Split-risk investment opportunity | 2/250 Mahurangi East Road, Snells Beach | 1270215 |      X Close
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Description

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

Millwater

Licensed under the REA Act 2008

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Chris Blair

Millwater

Licensed under the REA Act 2008

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2/250 Mahurangi East Road, Snells Beach

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Henry Napier

Millwater

Licensed under the REA Act 2008

View profile

Chris Blair

Millwater

Licensed under the REA Act 2008

View profile