Investments do not get better than this!
Taking pride of place on the corner of Lyall Bay Parade and Onepu Road the historic Lyall Bay Tearooms underwent a complete refurbishment just two years ago. With the Botanist on the ground floor and two quality, two bedroom apartments above this is a very attractive split risk investment.
The Botanist has over 9 years to run on their first term of the lease. One residential apartment is leased to a permanent resident on a monthly basis the other is leased via Airbnb, this style of letting could increase the potential income.
Total net income from the property is around $131,000 per annum, with room to improve.
This is really a special opportunity to secure an A grade investment property that will provide a very steady income stream for years to come.
To obtain a full information pack on the property, including all Supplementary Documents please register your interest here: http://www.propertyfiles.co.nz/property/3251986
The Botanist has over 9 years to run on their first term of the lease. One residential apartment is leased to a permanent resident on a monthly basis the other is leased via Airbnb, this style of letting could increase the potential income.
Total net income from the property is around $131,000 per annum, with room to improve.
This is really a special opportunity to secure an A grade investment property that will provide a very steady income stream for years to come.
To obtain a full information pack on the property, including all Supplementary Documents please register your interest here: http://www.propertyfiles.co.nz/property/3251986