Our vendor is highly motivated to release this well-built live-work property, held since its construction in 2006. With another opportunity now in sight, ownership is ready to be transferred.
This established property comprises a high-stud warehouse and spacious, self-contained office with storage at ground level. The next floor offers open-plan living, dining and kitchen, together with a large bathroom and shower. The top floor accommodates two bedrooms, one with access to a generous north-facing balcony.
Positioned as the middle unit in a block of only three, the property provides two dedicated tandem car parks, additional parking in front of the roller door, and ample on-street options. This unique live-work style property will appeal to a range of buyers.
For astute investors, this dual-tenancy investment prospect offers an appraised rental income of approximately $45,000 per annum. Previously leased, the property is now vacant and ready for immediate occupation. With interest rates trending lower, the timing is favourable for acquisition of a modern commercial property in the sought-after Hibiscus Coast.
Owner-occupiers: The combination of office and warehouse below with residential living above creates an ideal work-life solution. Alternatively, retain the commercial space for your business and lease the residential component for additional income.
Further value is anticipated from the forthcoming Penlink bridge project, which will deliver a direct transport connection and is expected to enhance future capital gains (see details at www.nzta.govt.nz/projects/penlink).
Situated in the heart of the Whangaparāoa commercial and residential precinct, the property is well placed within a thriving local catchment. The wider region continues to experience strong growth, reinforcing the long-term appeal of living and working locally.
New Zealand Sotheby’s International Realty is honoured to be appointed sole marketing agent. Please contact Mustan for further information or to arrange a private viewing.
Some photos are virtual staged.
