Opportunity is abundant in this mixed-use corner property on one of Auckland’s busiest arterials. The 264m² North facing site on the corner of Marsden Avenue and Dominion Road has an array of attractive characteristics for all buyer types.
Investors will look at the great commercial tenant and guaranteed residential income as a secure investment whilst add-value investors will seek to capitalise from the flexible lease terms presented. The layout of the building provides an array of options for development and refurbishment. The opportunity for owner occupiers is also available if you’re looking for a new premise for your business, a rare offering in a very low vacancy area.
Two individual buildings connected by a corridor make up the improvements that host two commercial tenants and one residential with a combined annual return of $71,059 net p.a. + GST. Rankin McManus Electrical, a long standing local business occupy both floors of the front building with their workshop in the rear building where Able Batteries also takes a small space. A well refurbished one-bedroom apartment sits on top of the rear building capturing all day sunlight.
Make sure to call the Sole agents today to view the property.
Ref #: 213940
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