16-18 St Johns Road, St Johns, Auckland

High Profile Retail/Residential Investment

- Prime main road freehold investment
- Structural strengthening and significant refurbishment just completed - it's all been done
- Two well-leased retail shops and a three-bedroom residential flat above (brand new and currently vacant)
- Potential income approximately $119,544 p.a. (residential income based on rental assessment)
- Our Vendor is cashing up to move onto the next project

This one ticks all the boxes - freehold tenure, diversified incomes, profile main road position and a seismic (earthquake) rating above 70%NBS. It's all been done - sit back and enjoy the cash flow!

Established and long term tenants (dairy and liquor store) provide and attractive a cash flow of $80,544 + GST pa with built-in rental growth. Tenants enjoy huge exposure and the benefit of being surrounded by a sizeable and established residential population.

Upstairs is a spacious three-bedroom, two bathroom, residential flat which has been meticulously refurbished to a high standard. It is fully self-contained with modern fixtures and new decking that provides outdoor living plus panoramic views to Auckland's CBD. Rent out and enjoy the benefits this market sector is showing.

Our Vendors are keen to move onto their next project - call us today!