1 Crum Avenue, New Lynn, Waitakere

Affordable Split Risk Investment

Situated on a freehold corner site in sought after and growing New Lynn, this affordable investment property is a unique offering in today's tightly held market for this style of property.

Currently leased to two well established tenancies; a lunch bar and an automotive repair workshop, this property provides investors a combined income stream of $46,000 pa + GST.

It is situated on a 607sqm site which is zoned Business Light Industry - allowing for a wide variety of potential. The existing 360sqm multi-purpose building was constructed in the 1980s with concrete block walls and long run roofing.

The property enjoys a favourable Category B (70%) IEP status

This property is further complemented by good off-street parking and high-profile corner position, and is close to Great North Road, New Lynn commercial centre and Lynn Mall.

Key features:
- 607sqm corner site
- 360sqm concrete block building
- $46,000 + GST rental income
- Roller door access to both tenancies
- Good off-street car-parking and yard space
- Favourable IEP

All viewings are strictly by appointment with the sole agents and all details are within the comprehensive information memorandum which is available upon request.