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Mixed Tenancy - Domestic/Commercial Rental Income

21 Lyon Street, Te Awamutu

Retail Property
dollar

$650,000 Plus GST (if any)

Floor area
154m2
Land area
532m2
Covered park
4
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Property details

Listing # TEA31346 | Listed on 19 May

VENDOR SAYS SELL!!!
Secure a passive income from this fully tenanted site. A mix of commercial and residential tenancies.
Located on the busy SH 3 in the main street of Kihikihi. High traffic area.
Easy commute the the shops and bowling green. All within walking distance.

Building consists of:-
Front retail space of approx 66 sqm recently leased.
The two-bedroom comfortable home at the rear is also tenanted. Approx 88 sqm accommodation with large open plan lounge and well appointed kitchen great for entertaining guests. Two spacious bedrooms, bathroom with shower and toilet plus its own laundry space.
Extensive upgrades have been completed (documentation available).
A registered valuation of $710,000 including GST (November 2024) is available on request.
Lease Income
Domestic Rent $500 per week = $26,000 per annum
Commercial Lease $13200 + GST + outgoings

Asking is $650,000 + GST if any, Contact Pauline Love on 0211554689 for the information pack.

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