Positioned in the heart of the Morrinsville main street, this rare opportunity comprises of six ground floor business premises plus two residential units on the upper level, giving you a healthy 6.26% (approx) return on investment.
The ground floor is home to well-established tenants including Pattison Jewellers, Cathay Takeaway, Imagine If, and a newly leased business, ensuring reliable income streams. To the rear, with convenient back-street access, you'll find an additional privately leased office area along with the Contact Care business.
With a strong mix of commercial and residential tenants, this property provides excellent income diversity and long-term investment security.
Our motivated vendors are committed to meeting the market, and early inspection is strongly recommended.
Key features include:
- High profile location
- Unique character architecture
- Land area: 924m2
- Business Zoning
- Dual street frontages for maximum exposure
- Spread of risk with 8 tenants
- Expected commercial rental income of $104,893 + GST and OPEX
- Expected residential rental income of $43,680
- Earthquake rating of 67%
- 6.26% return (approx)
For further details or to arrange a private viewing, please don't hesitate to contact Dave 027 457 9060 or Neil 027 662 2186 today.
