Telos Group Real Estate
Real Estate Agents
- Listing #:
- RX4364524
- Listed:
- 40 days ago
Negotiation
FREE-STANDING SPLIT-RISK INVESTMENT OPPORTUNITY
676 Whangaparaoa Road, Stanmore Bay, AucklandOffices
-
- 261m2 Floor Area
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- 550m2 Land Area
About this property
A genuine residential and commercial combo deal on offer. This unique property combines the best of both worlds, offering incredible versatility and value.Perfect for savvy buyers wanting a dual tenancy investment or those seeking a live/work setup, this property provides a mixed-use offering in a high-growth area. With a warm north-facing sea view apartment above and a high exposure commercial tenancy below, this property delivers flexibility and steady returns.
Key Features:
* Commercial Appeal:
High-profile main road location giving exposure for businesses. Large shop front with open plan layout plus a separate office, amenities room and plenty customer parks, plus off-street parking.
* Residential Appeal:
A sunny, two-bedroom plus office apartment above with north facing sea views, a spacious layout, functional kitchen, semi-ensuite, guest toilet, large entertainment deck, double internal garage with extra parking for boat or caravan.
* Income Potential:
* Commercial tenancy since 2017 yielding $26,300 pa + GST + Outgoings
* Three-year lease terms renewed till 2026 plus one more right of renewal
* Rental upside at next review as current rent well below market appraisal
* Rental income for the residential apartment at $28,600 pa + expenses
* Combined income circa $54,900 pa
* Location Benefits:
High exposure facing main arterial Whangaparaoa Road. Close to Town Centre, Coast Plaza, Hoyts Cinemas, McDonald's, Pizza Hut, schools, beaches, parks, library, and public transport. Located in a fast-growing region only 35 km north of Auckland.
* Penlink Boost:
The long-awaited Penlink bridge project is taking shape and will be a reality within a few years to give added incentive with easy access to the motorway. For more details look up the website www.nzta.govt.nz...
Telos Commercial are privileged to be appointed as sole agents so please contact for more details or to arrange a viewing by appointment only.
For Sale: By Negotiation ( Forthcoming Auction - unless sold prior )
Land Area: 1/2 share of 1104 m2
Floor Area: 261 m2 ( more or less )
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