21 Webb Street, Te Aro


Property Details

Sale Price: $1,000,000
Sale Date: 12/09/2016
Sale Type: Sold at Auction

ID: 376927
Council Rates: $5,467.00
Water Rates: $280.00
Land Area: 100 m²
Building Area: 200

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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

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