Ideal multi-tenanted investment, providing a diverse income stream from both Residential and Commercial tenants located on State Highway 10,
in the scenic Doubtless Bay in Northland.
The property is strategically located at the Corner of State Highway 10 and Oruru Rd, offering excellent branding opportunities for retail tenants, with high daily traffic on State Highway 10, additionally the property benefits from the 2 residential units overlooking the Taipa Estuary, ensuring a continuance of rental incomes from the property.
The breakdown of the tenancies are - Commercial building being 3 separate tenancies: Taipa Tackle Shop, Doubtless Bay Law and a Hairdresser with a total annual net return for the commercial portion of $47,364 plus GST; Two very tidy self-contained residential units are currently property managed, with one rented at $498 pw and the other unit at $500 pw, providing a combined income of $998 per week.
With a land area of 1372 sq m (more or less) contained on a Freehold Title, this property provides an investor with surety from the multiple income streams generated by the commercial and residential tenants. The Commercial building provides a total net lettable area of 466.52 sq m (approximately), each Residential unit being 62 sq m (approx.) plus decks, providing a split-risk investment that is hard to beat.
Ideally located in the Taipa Business Hub, with an array of surrounding businesses such as Z Service Station, Café, Superette, Tavern, to name a few. Taipa Area School is within easy walking distance from the property, as is The Taipa Resort. With local boat launching facilities close by, and
overlooking the Taipa Estuary leading to Doubtless Bay, this property really does offer an outstanding and iconic location.
Zoned Commercial, under the Far North District Council's Operative Plan, the zone incorporates the existing commercial areas of the district and is intended to retain the style and atmosphere of the commercial district.
These quality multi-tenanted investments are few and far between - particularly with both the residential and commercial mix. Please phone sole agent Glenda West on 021 591 231 for more information, Ray White Far North Circle Licensed (REAA 2008).
