34 Coles Crescent

Papakura Auckland

336 m²

1212 m²

House

Currently for sale - view listing

Overview

Multi-Income Legacy Investment!

***A Multi-Income Generational Investment - Endless Possibilities at One Address!*** Investors, here's an opportunity worth your attention! Positioned in a central Papakura location, 34 Coles Crescent offers an impressive 1,212sqm landholding with multiple income streams and plenty of potential. Comprising three two-bedroom units and a 4 Room commercial premises previously operated as a clinic, this is a substantial investment with residential and commercial appeal. PROPERTY HIGHLIGHTS: • 1,212sqm land area • 336sqm total floor area • 3 x two-bedroom units • 1 commercial premises with 4 rooms (previously a clinic) • 5 carports • All residential units are tenanted except the front commercial unit (long-term tenants) • Professionally managed by property managers • Healthy Homes compliant • Central Papakura location, close to shops, transport and amenities • Zoning - Business Mixed Use Zone THE INCOME POTENTIAL: • Residential units: $1,280/week - $66,560/annum • Commercial premises: Previously $ 4,293.33 inc GST per month plus monthly opex of $1051.06 inc GST - $51,516 per annum • Combined previous rental income: $118,080/ annum. The commercial premises also offers flexibility, with potential for alternative residential use (subject to appropriate approvals). Retiring sellers are bringing a tightly held investment to the market for the first time in 28 years; don't wait another 28 years for an opportunity like this one! To be sold at Auction on 3 December 2026, 11.00 am. Pre-auction offers are encouraged; beat the competition. Whether you're looking to expand your investment portfolio, an owner-operator looking for a fantastic location for your business or land-bank a substantial property in a central location, this is an opportunity not to overlook. Contact Iza on 022 492 9850 for further information or to arrange a viewing. Disclaimer - This property is being sold by auction or without a price, and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.