41/18 Oteha Valley Road Extension, Albany, North Shore

Diversification at its best - modern live/work

Bayleys are proud to exclusively present Unit 41/18 (C4) to the market. This property offers a diverse two tenancy income stream for investors, alternatively if your looking for accommodation or a lock up and leave scenario with income, this ticks the box.

The warehouse is currently leased for $18,000pa (plus operating expenses) on a new lease and the two bedroom accommodation was previously tenanted for $750 p/w, with new tenants wanting to sign up. Total income potential from the property being $57,000pa.

Alternatively, the property can be sold with vacant possession in the first-floor accommodation, providing modern living for permanent residences or a fantastic lock-up and leave scenario with income.

18 Oteha Valley Road Extension certainly sits above any live/work development on the shore. Built in 2017 & constructed to a very high standard with quality appliances, designer kitchens & clean open living. This unit faces west, capturing afternoon sun along with an internal deck for the mid-day light. A hugely popular development for both residential & commercial use, call or email us to hear more.

Features:
• Two bedroom one bath first floor accommodation (sold vacant)
• Medium stud warehousing on a new commercial lease returning $18,000pa
• Potential return of $57,000pa across the two tenancies
• Modern & highly sought-after development
• Two car parks
• Superb central location in a very well-run body corporate
• Price by Negotiation