Mixed Tenancy - Domestic/Commercial Rental Income
VENDOR SAYS SELL!!!
Secure a passive income from this fully tenanted site. A mix of commercial and residential tenancies.
Located on the busy SH 3 in the main street of Kihikihi. High traffic area.
Easy commute the the shops and bowling green. All within walking distance.
Building consists of:-
Front retail space of approx 66 sqm recently leased.
The two-bedroom comfortable home at the rear is also tenanted. Approx 88 sqm accommodation with large open plan lounge and well appointed kitchen great for entertaining guests. Two spacious bedrooms, bathroom with shower and toilet plus its own laundry space.
Extensive upgrades have been completed (documentation available).
A registered valuation of $710,000 including GST (November 2024) is available on request.
Lease Income
Domestic Rent $500 per week = $26,000 per annum
Commercial Lease $13200 + GST + outgoings
Asking is $650,000 + GST if any, Contact Pauline Love on 0211554689 for the information pack.