This combined commercial and residential investment property is situated right on the waterfront within the Mangonui Village shopping precinct.
The property is comprised of a standalone two level building on 203 Sqm of land with two upstairs apartments and two downstairs business premises. Three current leases yield a healthy 6.4% return on investment while leaving open the option of a holiday or permanent apartment residence for the new owners.
The property is nestled into the hillside amongst mature trees, heritage listed buildings, a diversity of business premises and an abundance of easy parking. The lower floor accommodates two commercial suites that are currently tenanted by a clothing boutique and a small media company.
The upper level apartments (one single bedroom with office and one with two bedrooms) both feature fresh modern decor, open plan living, harbour facing balconies and stunning views.
The single bedroom apartment is leased to a quality long term tenant and the double bedroom apartment used as a sometimes holiday residence and short term holiday rental. Both apartments are accessed via private stairwells.
A variety of cafes, restaurants and shops are within easy walking distance and the beaches of Doubtless Bay a short drive away.
With current lease arrangements providing reliable multi-stream income and the option of a waterfront holiday apartment, this property is a great all rounder that is sure to appeal to astute investors.
Asking price $625,000 + GST (if any)
Contact Alan Moros for further information or to arrange an appointment to view.