Te Aro 21 Webb Street

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 NZNicely renovated compliant buildingSplit 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

Property Information

• Floor area approx 200sqm