Mixed Tenancy - Domestic/Commercial Rental Income

VENDOR SAYS SELL
Call Pauline Love on 0211554689 for a private viewing.
Fully tenanted commercial lease and rental income all together. Reap the benefits.
There is a recent valuation of $710,000, owners are prepared to sell well below that and have plans.
Vendor willing to negotiate.

Secure a passive income from this fully tenanted site. A mix of commercial and residential tenancies.
Located on the busy SH3 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 66sqm recently leased.
The two bedroom comfortable home at the rear is also tenanted. Approx 88sqm 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).

Lease Income
Domestic Rent $500 per week = $26,000 per annum
Commercial Lease $13200 + GST + outgoings
Contact Pauline Love on 0211554689 for the information pack. Bring your offers.
https://rwteawamutu.co.nz/TEA31346