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592H Whangaparaoa Road, Stanmore Bay, Rodney

Two for the Price of One!

dollar

Asking Price $645,000

Apartment
Apartment
Bedroom
3
Bathroom
2
Floor area
157m2
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Property details

Listing # L31741514 | Listed on 2 April

To download the documents for this property, copy and paste the following link into your browser: https://www.harcourtsfiles.co.nz/listings/H6JJ

This rare dual-income property offers an outstanding opportunity, currently generating $940 per week in rental income. With a versatile layout and prime location, it's perfect for both personal use and/or investment.

  • Dual Income Potential: The ground floor, classed as commercial, is currently set up as a self-contained studio apartment featuring a kitchen, bathroom, and private entrance, along with an easterly-facing patio that enjoys morning sun.
  • Upper Residence: The upper two levels offer a private entrance, open-plan living, laundry, and powder room on the first floor, with a west-facing deck ideal for evening relaxation. The top level includes two spacious bedrooms and a family bathroom.
  • Parking: Two designated off-street parking spaces, plus ample guest parking.
  • High Yield: Delivering a 7.58% gross yield at the asking price, this property offers excellent returns.
  • Prime Location: Conveniently located near the new Penlink development, New World, and shopping centers, enhancing both lifestyle and business potential.
  • Modern Build: Built in 2007 with durable weatherboard, concrete block, and panel cladding for peace of mind.

Whether you're an investor seeking solid returns or a homeowner looking for income potential, this property is a must-see!

Note: The images were taken at the time of the property's sale in 2024 and may show different furnishings from a previous tenancy.

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Additional features

Other park
2 other parks
Rates
Rates: $3,361.29 per annum

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