The Perfect Investment on The Vibrant Parade

126 The Parade, Island Bay

Offers/Enquiries Over NZD $850,000

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The Perfect Investment on The Vibrant Parade | 126 The Parade, Island Bay | 3301231 |      X Close

The Perfect Investment on The Vibrant Parade

The Perfect Investment on The Vibrant Parade

Located in the middle of Island Bay shopping centre amongst cafes, shops, art gallery and a supermarket, if youve been searching for your next real estate opportunity, then at 126 The Parade, this is it.

Presenting a standalone two level property with separate entrances, positioned by a busy/high foot traffic pedestrian crossing featuring:

Retail Shop on the ground level:

Greeted with large timber framed shop windows and high stud ceilings, the shop has been set up as a health clinic consisting of a reception desk area, leading to three treatment rooms, waiting lounge area, giving a sense of spaciousness with two storage rooms and a separate toilet.

Upper Level Apartment:

A lovely open plan living, dining and kitchen area with windows running along the northern side creating a warm feeling throughout. Two good sized bedrooms fitted with their own wardrobes and a cute bathroom with laundry area also. There is a private deck up and behind the apartment where you can simply relax and enjoy the sun and views.

Both the apartment and the shop have been renovated over the past 8 years with a fixed lease in place for both.

Here are the options:

1. Lease the shop and live in the apartment and enjoy all the local amenities at hand

Rental Income for shop p.w - $550 (fixed till January 2020)

2. Lease the apartment and take on a dream opportunity for your own business

Rental Income for apartment p.w - $550 (Fixed till February 2020)

3. Keep both Leased as is and add a great investment property to your portfolio

With its Residential & Commercial set up, 126 The Parade, Island Bay presents an interesting opportunity for the avid investor, home & Income buyer or Owner Operator.

Do not hesitate, get in contact today for further information.

• Builders & Lim Report have been ordered and will be made available

• Rates - $2,534.43 (July 18 - July 19)