592 Mount Albert Rd

Royal Oak Auckland

House

Currently for sale - view listing

Overview

Character Villa + Retail Shop - Endless Potential

- Fully tenanted investment with both residential and commercial occupants in place - Combined return of approx. $88,400 p.a. - Residential component currently tenanted at $1100/week – tenant keen to stay. - Commercial tenancy returning $31,200 + GST annually + $8,000 + GST OPEX contribution - Secure commercial lease in place on a 3-year term from May 2024, with further 2 + 2-year rights of renewal. - Residential tenancy returning approx. $57,200 p.a. on a periodic tenancy - Strong visibility and exposure on a busy main road - Five onsite car parks (3 car pads + double garage), adding convenience and strong tenant appeal. - Approx. 217m² character villa featuring 5 bedrooms, 2 bathrooms, and a double garage - Approx. 59m² retail shop with established street presence and self-contained kitchen - Crosslease front site – ½ share of 829m² (more or less) Opportunities like this are rarely available. Get in touch today for further information or to arrange a private viewing. Viewing by open home only. All conjunctional agents are welcome.