218sqm
floor area
$145,000 | $145,000 gross income from the 3-2 residential and 1 commercial |
12 year lease | To Botanist over 9 years to run |
Like new | The entire building was fully refurbished just 2 years ago |
Mixed use | Highly respected Botanist Cafe and ground, 2x2 bedroom apartments above |
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
Licensed under the REA Act 2008
Mobile: +64 21 430 612 |
Office: +64 4 499 6022 |
richard.faisandier@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 21 320 280 |
Office: +64 4 499 6022 |
mark.walker@bayleys.co.nz |
218sqm
floor area
$145,000 | $145,000 gross income from the 3-2 residential and 1 commercial |
12 year lease | To Botanist over 9 years to run |
Like new | The entire building was fully refurbished just 2 years ago |
Mixed use | Highly respected Botanist Cafe and ground, 2x2 bedroom apartments above |
219 Onepu Road, Lyall Bay
Open in mapLicensed under the REA Act 2008
Mobile: +64 21 430 612 |
Office: +64 4 499 6022 |
richard.faisandier@bayleys.co.nz |
Licensed under the REA Act 2008
Mobile: +64 21 320 280 |
Office: +64 4 499 6022 |
mark.walker@bayleys.co.nz |
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