682 Whangaparaoa Road, Stanmore Bay, Rodney

LAND + PROPERTIES + INCOME = GREAT INVESTMENT

A TRULY VERSATILE PROPOSITION \n UNIQUE SPLIT RISK OPPORTUNITY\n MULTI TENANTED YIELDING STEADY INCOME \n BIG FREEHOLD SITE WITH COMMERCIAL USE\n STRATEGIC LOCATION NEAR TOWN CENTRE\n HIGH PROFILE MAIN ROAD LCOATION\n CURRENT INCOME OVER $76,000 PA (Gross) \n FAST GROWING AREA NORTH OF AUCKLAND\n \n Here is a versatile property that can appeal to a wide range of buyers: \n \n Ideal for investors to split their risk with residential and commercial aspect in this property. \n Home and business option to owner- occupiers who can look at moving in when the vacancy arises.\n Home and income option to discerning buyers who can maximise their capital investment. \n Business migrants can invest and start their own business in the one vacant office premises available at the moment. \n \nKey Characteristics: \n Good sized land with two developed properties yielding steady income. \n Well located high profile property on the main arterial Whangaparaoa Road on the Peninsula. \n Amidst known retailers like Pizza Hut, McDonalds, Hoyts Cinemas, Warehouse and the The Plaza Mall. \n Immaculate and well looked after property which includes quality chattels. \n Sub-divide to create two titles and enhance the capital gains\n Future uses for the whole property could be pre-school/ kindergarten or a Home stay facility with required consents.\n \nFront Property : Commercial Use \nTwo level multi tenanted offices with 4 car internal access garaging.\nIncome : $ 54,470 pa ( from 4 separate tenancy ) \n \nChattels : \nFully alarmed , central vac, fire alarm, 7 x heat pumps, 1 a/c unit, 2 x fire extinguisher, 1x 40L hot water tank, 4 x kitchen units, Light Fittings. Carpet and fixed floor coverings\n \nRear Property : Currently Residential Tenancy ( previously commercial tenancy ) \n3 bedrooms, kitchen, dining and separate living room with single internal access garage plus extra car park space. Added benefit is the north facing deck with a huge garden area at rear. \nShower, bath and toilet all separate thus easily convertible to commercial use if required. Ideal for a pre-school or kindergarten facilities. \n\n Income : $430 weekly (Tenancy expires July 2014 however tenant has indicated renewal for another 3 years at market rent) \n \nProperty Details: \n \nLand Area : 1103 m2 ( more or less ) \nFloor Area : 400 m2 ( more or less ) \nCar Park : 16 in total ( 11 external plus 5 internal access ) \n \n Contact Agent for more details.