Black Haus are pleased to present as the sole agents 322 Karangahape Road for sale by way of deadline private treaty closing 4:00pm Thursday 14th August 2025 (unless sold prior).
Retail net income of $175,430pa + gst
First floor residential accommodation gross income of (approx.) $126,100pa (gst incl)
Land area of 354m² (more or less)
Total floor area of approximately 682.5m²
NBS of 80%
322 Karangahape Road provides a split risk income with eight residential accommodation units on the first floor and two retail premises on the ground floor. The building has been upgraded to an 80% NBS by the current owner.
The property is well located in the heart of Auckland's hospitality sector on K Road in addition to access to Karang-a-hape CRL Stations with two entry points from Beresford Street & Mercury Lane which are either side of the building.
In summary this is a great opportunity to acquire a quality asset in a great location with a realistic vendor at the right time of the commercial real estate cycle.
