1/194 Victoria Street West

Auckland Central Auckland

151 m²

Duplex Semi-Detached

Currently for sale - view listing

Overview

SPLIT-RISK CBD INVESTMENT WITH FUTURE FLEXIBILITY

A rare opportunity to secure a freehold strata title mixed-use property in one of Auckland CBD's most rapidly improving precincts. The property is currently leased to two established tenants and is returning approximately $56,000 per annum plus operating costs and GST. It offers diversified income today and future owner-occupier or live/work flexibility, subject to existing tenancy arrangements. CALLING ALL: • Business owners seeking to secure future premises while benefiting from rental income today. • Professionals who already own a home and are looking for a city investment. • Existing investors wanting a split-risk dual-income asset. • Buyers looking for a future city bolt-hole with income attached. • Parents helping adult children gain a foothold in the Auckland property market. • Small syndicates seeking an affordable CBD investment opportunity. • Buyers looking to benefit from the long-term growth generated by the Victoria Street transformation, Te Waihorotiu Station, and the New Zealand International Convention Centre. Positioned just metres from Les Mills Auckland City and within easy walking distance of the Viaduct, Wynyard Quarter and Ponsonby, this property is exceptionally well placed to benefit from the ongoing transformation of Auckland's western CBD. Key features include: • Split-risk dual-tenancy income stream • Approximately $56,000 p.a. plus operating costs and GST from two established tenants • Freehold unit title ownership • Two valuable CBD car parks • Retail showroom plus consented live/work configuration • Excellent street frontage and profile • Prime Victoria Street West location • Victoria Street Green Link transformation • Te Waihorotiu CRL Station and NZICC growth drivers • Future flexibility, subject to existing tenancy arrangements Let the tenants help pay the mortgage while you build equity in a prime Auckland CBD property. Income today. Live/work flexibility tomorrow. Price Plus GST.