113 High Street, Motueka, Tasman

Situated on Motueka's busy High Street, in a prime location, you will find this 2 story building on a leashold property .

The 260sqm floor area, currently comprising 2 retail spaces on the ground floor and a 3 bedroom residential apartment above on the first floor, enjoys multiple income streams returning a total of approximately $46,000 plus GST, plus operating costs.

The two storey building has split risk income streams generating a good return with Diamond Nails and a Food Market occupying the ground floor with a residential apartment above.

This is a great opportunity for investors to own their own commercial building with the current tenants in place or look at an owner occupier option.

Take advantage of this passive income investment opportunity with 3 separate income streams - anchored by 2 retail tenants on the ground floor and a 3 bedroom recently totally renovated apartment.

On Offer:

• 260 sqm more or less two storeyed building

• Locate on Motueka's High Street shopping precinkt surrounded by supermarkets, cafes, restaurants and other retail.

• Multiple income streams returning approximately $40,000 plus GST

• 2 Retail units on the ground floor plus a fully renovated 3 bedroom residential apartment on the 1st floor

• Mixed use Zone

• Ground lease of only $9362.50 plus GST per annum

To obtain copies of all supplementary documents contact Terry Milton today on 0275546622 or email [email protected]