Versatile mixed-use investment

Occupying an approximately 1,012 m2 freehold site, this well-configured property offers an excellent balance of space, flexibility and multiple income streams. The site comprises two separate buildings, providing clear tenancy separation and versatile use.
Front Commercial and Residential Building - An L-shaped building at the front of the site is configured into three distinct areas:

• Eastern Shop – A large open retail space leased to Volcano Vibe Collective, with storage, bathroom facilities, front and rear access, a large heat pump and a Level 4 fire alarm system as a building feature. The shop area also has electricity and drainage for a commercial bar/kitchen, as it was used as pizza cafe several years ago.

• Western Shop / Apartment – Also occupied by the Collective and council-consented for residential use, comprising two adjoining rooms, kitchen facilities, a disabled-consented bathroom, a heat pump, and a Level 5 fire alarm system as a feature.

• Rear Apartment – A self-contained apartment to the rear of the shop building, two bedrooms, two bathrooms and a Level 5 fire alarm system, vacant and immediately available, ideal for short-stay or supplementary income.

• Standalone Residential Dwelling - To the rear of the site is a separate three bedroom bungalow with a tenant in place, relocated to the site several years ago and upgraded to Healthy Homes standards.