21 Webb Street Te Aro, 60 NZ
8.2% Gross Yield - Capital City Location!
Location, quality and cash-flow, could this decision be any easier? 3 double bedroom 100 sqm apartment upstairs, with a 100 sqm commercial/retail office space downstairs, would make an excellent investment or live/work setup (in the future).
* Top growth suburb in the capital city of NZ * Nicely renovated compliant building * Split risk investment (commercial downstairs, residential upstairs) * Rental/Lease terms could be negotiated (existing owner to stay on as tenant of both tenancies)
Commercial ground floor $42,000+gst per annum (2 year lease, 2 rights of renewal) Residential upstairs $39,000 per annum (750 pwk - fixed to January 2018). Total: $81,000+ gst (if any) per annum
Outgoings: Rates: Downstairs: $3917 per annum, Upstairs: $1550 per annum = Total $5,467 per annum Water Rates: $70.00 per quarter ($280 per annum) Age: 1980's
Sold $1,000,000
Inspect
Inspection of this property is available strictly by arrangement only.
Contact
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Alen Moshi