Mahere Papa
Discover unparalleled potential with this exceptional multi-income streamed investment property, strategically located in a landmark location. Combining diverse and multiple revenue streams, this investment offers both stability and growth in one of the most sought-after locations. Offering an inviting and modern double brick construction, this property features 4 units, each fully equipped with modern kitchenettes, bathrooms, internal laundry, air conditioning that is situated within a secure, modern complex.
In addition, the investment includes a ground floor retail premises with an ultimate exposure. The retail shop also includes bathroom facilities, a spacious storage room and enhanced with security CCTV, alarm system and fully ducted air conditioning. The building also offers solar power, perfect for energy efficiency.
Don't miss your chance to own a landmark property that promises solid returns and versatile usage.
Key Highlights:
? Diverse Income Streams: Five distinct revenue sources, including one retail shop and four residential units.
? Residential Units: Four well-maintained units with potential for rental increases due to high occupancy demand on this building.
? Commercial Space: Recently renovated shop with modern improvements, solid lease, with high visibility to showcase products for maximum exposure.
? Flexible Layout: Reopenable access between residential and commercial spaces for versatile usage.
? Modern Amenities: Newly extended second floor, attic for storage, secured building, comprehensive fire system, and ample solar power.
? Prime Location: High-visibility building at a busy intersection with ample side street parking.
? Turnkey Investment: Low-maintenance property with high-quality double brick construction with great secured income streams.
Rental Income
Unit 1 Studio: $350pw
Unit 2 Studio: $320pw
Unit 3 Studio: $350pw
Unit 4 One Bedroom: $350pw
Retail: $980pw
Total Rental Income $122,200
For further information please contact Kris Atkinson at HT WILLS on 0416 661 109.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.25 km | 3 | 1 | -m2 | 2024 12 12 | $1,265,000 | Council approved | |
 | 0.21 km | 5 | 2 | -m2 | 2024 11 29 | - | Council approved | |
 | 0.21 km | 4 | 2 | -m2 | 2024 08 02 | $1,722,000 | Council approved | |
 | 0.27 km | 3 | 1 | -m2 | 2024 07 28 | $1,162,000 | Council approved | |
 | 0.23 km | 6 | 2 | -m2 | 2024 07 05 | $1,590,000 | Council approved |