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Onehunga - SMART SPLIT RISE INVESTMENT
Price | |
Location | 263 Mt Smart Road, Onehunga |
Type | House |
Bedrooms | 9 |
Bathrooms | 6 |
Land | 1315 m2 |
Listing No # | 814038 |
Listed | 22/06/2021 |
Views | 50 |
Description
Strategically located at the corner of Mount Smart Road and Felix Street, the properties comprises of three freestanding buildings totalling 1,315m² of Freehold land.
Building 1: The Hutchinson Arcade is a block of six retail shops, with long-term established tenants, including a bakery, a pizza shop, a superette, a liquor store, a takeaway shop and a barber shop.
Building 2: Also known as 53 Felix Street, is a freestanding three bedroom residential Unit with tenants in place.
Building 3: Also known as 53c-e Felix Street, is a workshop/office space.
Current combined holding income of approximately $192,845net + GST per annum (with some vacancy), with the potential income to be approximately $218,000 net + GST per annum if fully leased.
KEY FEATURES
- Large Freehold land of $1,315m² in an upcoming area
- Combined net rentable area of approximately 737m²
- Split income streams from commercial and residential tenancies
- Long-term established tenancy in place
- Huge rental upside with owner-occupier options available
- Current holding income of approximately $192,845 net + GST per annum
Contact our agents
Barfoot & Thompson Ltd (Licensed: REAA 2008) - Greenlane
Auckland , 1051
Melissa He
Barfoot & Thompson Ltd (Licensed: REAA 2008) - City Commercial
AUCKLAND CITY , 1010