Karangahape Road Character: Occupy, Invest or

- Versatile freehold City building\n- Hugh profile position within the vibrant commercial and residential K'Rd precinct\n- Comprises ground floor retail (with mezzanine at rear) and upstairs commercial\n- Currently leased to two tenants returning $131,000 + GST pa\n- Favourable zoning promotes additional floor area and residential possibilities\n- Opportunities for investors, owner occupiers and add value investors\n\nThis freehold property contains approximately 519 square metres set over two levels divided into two tenancies at present. \n\nTenancy 1\nComprises a high stud character ground floor space with a mezzanine area to the rear which together totals approximately 357 square metres.This area is currently occupied on a monthly basis at $97,000 + GST pa. Owner occupiers, this is a superb opportunity to secure this attractive high stud and high profile character space. It would suit a range of uses including retail, offices, residential (to the mezzanine) and live work - you choose! All angles must be explored!\n\nTenancy 2\nLocated at the K'Rd frontage, with separate access from K'Rd, is the Scorpio Bar tenancy. This is currently returning $34,000 + GST pa and the lease is currently subject to a right of renewal (for an additional two year period) and a rent review. \n\nLand Area\n354 square metres (more or less)\n\nZoning\nStrategic Management Area 4 - Karangahape Road Precinct\n- Basic Floor Area Ratio 4:1\n- Maximum Floor Ratio 6:1\n- Maximum Height 35 metres\n\nAll investors, owner occupiers and add value investors must consider this one. Contact the Sole Agents now for full information. \n