Prime investment opportunity in sought-after BUSINESS MIXED-USE Zone!
Return $65,000 per annum.
This 231m2, 2 storey property, minutes from Otahuhu Town Centre, blends residential and commercial spaces for high yield.
The vendor is earning $1250/week from 3 residential one bedroom units and 1 commercial warehouse space. Explore development potential or just enjoy steady returns.
There are plenty possibilities for this versatile property here. Quietly set back at the end of the driveway this property would also be perfect for a medium size business that needs office space and a warehouse or manufacturing space while having a living area for income or yourself.
Currently, all units are tenanted, and the commercial space is leased for storage. Conveniently located near shops, public transport, and key amenities.
Act now for a rare chance to invest, develop, or reside in a strategically positioned property with excellent returns and future potential.
Note: Asking Price includes GST. If you are GST registered contact Agent for more information.
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
|---|---|---|---|---|---|---|---|---|
Otahuhu College | 1.10 km | Secondary | 9-15 | Government | Co-Educational | EQI: 513 | 1 |
Year | Median price | Growth | Sales count |
|---|---|---|---|
2023 | $690,250 | -14.8% | 14 |
2022 | $809,800 | -14.8% | 9 |
2021 | $950,000 | 57.7% | 11 |
2020 | $602,500 | 2.3% | 16 |
2019 | $589,000 | 6.3% | 13 |
2018 | $554,000 | -3.3% | 18 |
2017 | $573,000 | 9.5% | 17 |
2016 | $523,500 | 22.2% | 12 |
2015 | $428,500 | 23% | 28 |
2014 | $348,500 | - | 26 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.57 km | 2 | 1 | 60m2 | Year 2024 Month 05 Day 01 | $380,000 | Council approved | |
 | 0.47 km | 3 | 2 | 131m2 | Year 2024 Month 03 Day 14 | $900,000 | Council approved | |
0.02 km | 2 | 1 | 70m2 | Year 2024 Month 02 Day 18 | $525,000 | Council approved | ||
0.34 km | 6 | 320m2 | Year 2024 Month 01 Day 16 | $1,210,000 | Council approved | |||
 | 0.32 km | 3 | 1 | 87m2 | Year 2023 Month 12 Day 19 | $705,000 | Council approved |