• Freehold investment with diverse income streams within 425sqm (more or less) net lettable area situated on a prominent corner site of 368sqm (more or less)
• A scarce opportunity in this tightly-held and highly-desirable location
• Returning a combined income of $136,523.39pa (approximately) with potential rental growth
• Zoned Business - Neighbourhood Centre offering future development potential
Opportunities such as this seldom come to the market. Strategically positioned on one of the most sought-after streets in Ponsonby, the property encompasses a superette, barber, billboard and four residential tenancies, returning a combined income of $135,023pa (approximately).
The property enjoys ease of access to motorway networks and main arterial routes and is located a short distance from a range of amenities including the ever-popular Richmond Road shopping village, Countdown supermarket and countless popular dining options. Considerable future add-value and development potential can be unlocked due to its favourable Business - Neighbourhood Centre zoning.
Passive investors should not miss this strategically positioned city-fringe asset.
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