Profile and lifestyle come together in harmony with this hands-off investment opportunity on the prominent corner of State Highway 25 and Back Miranda Road.
Comprising two residential tenancies with a total current rental return of $885 per week however, the main tenancy will be offered with vacant possession. The combined 253sqm (more or less) buildings are an attractive proposition to any astute investor or owner occupier providing supplementary income. Residential tenancies in the area are always in high demand due to the prestigious Hauraki Plains College zoning and multiple tenants split the risk.
Refurbished inside including a new kitchen, the main building consists of a large garage with roller door access off Back Miranda Road which the tenants are utilising as a workshop, and an unconsented dwelling with two bedrooms. An additional retail area at the front has been utilised as a shop and stop-in cafe providing the coveted live-work lifestyle many people seek. A substantial portion of the land area fronting State Highway 25 is currently being utilised as a carpark and a well-presented bark garden is sprinkled with the fruits of the tenant's labours.
The second Residential tenancy in the rear one-bedroom building is fenced and gated off from the front with driveway access down the back-left side of the property providing privacy. An east facing deck captures the brilliant morning sun and provides shade and shelter through the afternoon and evening.
Dual access off State Highway 25 and Back Miranda Road provides peace of mind for the future should a change in consent or use ever be required.
With a huge number of vehicles travelling the popular route from Auckland to the Coromandel, the land is ideally situated to take full advantage of the profile afforded while simultaneously being remote enough to have the serene feel of a lifestyle property.
Floor Area:253sqm (more or less)
Land Area:1196sqm (more or less)