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B / 747 Whangaparaoa Road Stanmore Bay Asking Price
$480,000
120m2

SHOW ME THE MONEY !!!- $100K BELOW CV

Trustee has given us clear instructions that this tenanted investment must be sold on behalf of the beneficiaries. So do not hold back and miss this opportunity. Check out the main highlights below.

TENANTED: Leased to a Law Firm
INCOME: $28,000 pa net + GST + Outgoings
LOCATION: Main road-corner site
SEA VIEWS: Priceless !!!
ZONING: Town Centre Zone
WALK TO: The commercial precinct and the beach
OPTIONS: Commercial, residential or mixed-use

One of five units in the building occupying the ground floor on a prime corner site it has a versatile aspect to it. The options are plenty, keep it as a commercial unit or convert to a mixed-use live & workspace, or completely renovate to be a residential apartment, the choice is yours.

Overlooking Arkles Bay with sea views towards Rangitoto and Auckland, it's conveniently located within a small commercial block comprising of varied businesses and adjacent to the main shopping mall Coast Plaza in the Whangaparaoa Town Centre. It has great exposure being right on the main arterial road of the peninsula.

Renowned businesses nearby include Hoyts Cinemas, McDonalds, Pizza Hut, and The Warehouse. Only 35 km from Harbour Bridge, the Whangaparaoa region is experiencing a huge housing growth all around indemnifying not only the commercial but residential aspect as well.

This will be an affordable proposition to commercial buyers but also attract attention from new entry-level investors or residential investors wanting to diversify for a more balanced portfolio.

Telos Group Commercial are pleased to be appointed as the sole agents and advise buyers to contact Mustan for more details and viewing arrangement.

Price: $480,000 ( plus gst if any )
Net Income: $28,000 pa + GST & Outgoings
Lease term: 2 ( two ) years + right of renewals
Floor Area: 120 m2 ( more or less )
Zoning: Business Town Centre

Mustan Bagasra

Commercial Director

Call Mustan Email Mustan Request Appraisal

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