Dual Income Investment

37 Scanlan Street, Grey Lynn, Auckland

Investment For Sale

Auction to be held at 11am Wednesday, 20 Feb 2019 (Unless sold prior)
Land Area: 353.00 m2.    Floor Area: 305.00 m2.    

Description

Investments of this nature are extremely rare in the popular Grey Lynn / Ponsonby area.

The opportunity is here to acquire your own split risk commercial property. 37 Scanlan Street is an immaculately presented property comprising two tenancies, providing a total income of $92,443 p.a net + GST.

With polished concrete, high ceilings and exposed trusses the interior is an example of a beautifully converted warehouse historically utilised as a duvet manufacturing facility and now presents very well and needs to be viewed to realise its appeal.

The property is one of only five units managed by a body corporate and has the potential to be subdivided and/or changed to residential.

Both leases expiry in April 2020 opening the door for owner occupiers with a vision; live-work buyers and savvy investors looking to take advantage of rental growth and a burgeoning precinct.

Call the sole agents today for further queries or to view

Hamish Paterson 0211007259 - hamish.paterson@colliers.com

Or

Jonathan Lynch 021900611 – jonathan.lynch@colliers.com

Features

  • Popular Grey Lynn pocket
  • Split risk dual income investment
  • Returning $92,443 p.a net + GST
  • 4 on-site car parks
  • Residential conversion potential

Map

Open in a new window

Contact the broker

Share This Property
For further details, contact:
Close

Saved Properties

Remove All
You have no saved properties. Click the 'save' button associated with a property listing to see it displayed here.
Close