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Located prominently east of Orakei Road, between the Remuera Road and Upland Road shopping precincts, this north-facing 895m² Terrace Housing and Apartment Buildings (THAB) zoned Freehold property consists of six tenancies providing stable income in a highly sought-after location.
The six tenancies include two commercial offerings, one with residential attached, and four apartments with typical high stud ceilings, large sunny windows and enviable outlook.
The property has a total income of approximately $165,000 and all the tenancies are short term, providing flexibility and add-value potential.
The property would suit a residential occupier looking to take advantage of the favourable school zoning, a commercial occupier looking to take advantage of the passing trade, a business with a requirement to provide accommodation for staff, astute investors and forward thinking developers.
Contact now for further information.
For sale by deadline private treaty closing 2:00pm, Thursday 18 April 2024 at Level 3, 50 Kitchener Street, Auckland Central (unless sold prior).