A modern, multi-tenanted residential investment in a highly sought after location.
Containing two ground floor and one top floor residential units of top quality and excellent occupancy history. The top floor is leased to a long term corporate tenant, with the two lower apartments being period tenancies. Returning a net annual rental of circa $62,000 plus GST with significant rental upside.
The 487 sqm site was developed in the early 2000’s, benefitting from a northern aspect and short walk to the beach. Situated on Molesworth Street on the periphery of the CBD, containing a mix of quality mixed use commercial and high end residential property.
FOR SALE BY NEGOTIATION - CALL AGENT TO DISCUSS.
For more information or to arrange an inspection contact:
Benet Carroll
0210 289 4537
benet.carroll@colliers.com
Please note: all floor areas are approximated only.
Features:
- Site Area: 978 sqm (approx.)
- Net Annual Rental: $61,000 plus GST p.a. (approx)
- 100% occupancy to 3 residential tenants
- R.V. $960,000 (effective Aug 2025)
- High profile, popular location - adjoining gym
- North facing site with 8 car parks
More information: https://www.colliers.co.nz/p-NZL67038221
