Tossing between Resi and Commercial? Why not invest in both. This property combines strong, diversified income with excellent long-term fundamentals and growth. The ground floor childcare tenancy underpins a stable commercial lease, while the two residential apartments provide added cashflow and flexibility.
Key Highlights:
Split-risk investment: ground floor childcare lease + two residential apartments
Attractive combined income: $147,904 + gst (childcare returns $91,404 gross + gst; residential apartments generate $64,975 gross gst inclusive)
Secure commercial lease: Initial expiry July 2028 with 4 5-year rights of renewal
Freehold landholding: 927sqm freehold site with prominent street frontage
Favourable zoning: Residential – Mixed Housing Urban providing future redevelopment potential
Premium location: Situated in a high-demand residential catchment with multiple developments underway nearby
With its favourable zoning and exceptional location, 12 Laurina Road also presents an exciting landbank or future development play.
Contact us today to secure an investment that ticks all the boxes – income, growth and location.
More information: https://www.colliers.co.nz/p-NZL67036442
