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
Description

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)