676 Whangaparaoa Road, Stanmore Bay, Auckland

Auction Location: Online (unless sold prior)

Free Standing Split-risk Investment

With the interest rates on a downward slide, here is a genuine residential and commercial combo deal on offer. This unique property combines the best of both worlds, offering incredible versatility and value.

Perfect for savvy buyers wanting a dual tenancy investment or those seeking a live/work setup, this property provides a mixed-use offering in a high-growth area. With a warm north-facing sea view apartment above and a high exposure commercial tenancy below, this property delivers flexibility and steady returns.

* Commercial Appeal:

High-profile main road location giving exposure for businesses. Large shop front with open plan layout plus a separate office, amenities room and plenty customer parks, plus off-street parking.

* Residential Appeal:

A sunny, two-bedroom plus office apartment above with north facing sea views, a spacious layout, functional kitchen, semi-ensuite, guest toilet, large entertainment deck, double internal garage with extra parking for boat or caravan.

* Commercial tenancy since 2017 yielding $26,300 pa + GST + Outgoings

* Three-year lease terms renewed till 2026 plus one more right of renewal

* Rental upside at next review as current rent well below market appraisal

* Rental income for the residential apartment at $28,600 pa + expenses

* Combined income circa $54,900 pa

* Location Benefits:

High exposure facing main arterial Whangaparaoa Road. Close to Town Centre, Coast Plaza, Hoyts Cinemas, McDonald's, Pizza Hut, schools, beaches, parks, library, and public transport. Located in a fast-growing region only 35 km north of Auckland.

* Penlink Boost:

The long-awaited Penlink bridge project is taking shape and will be a reality within a few years to give added incentive with easy access to the motorway. For more details look up the website https://www.nzta.govt.nz/projects/penlink/

Please contact for more details.

Land Area: 1/2 share of 1104 m2

Floor Area: 261 m2 ( more or less )