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592 Mount Albert Road, Royal Oak, Auckland City

Dual Income Streams

dollar

Negotiation

House
House
Bedroom
5
Bathroom
2
Title type
Cross Lease
Garage
2
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Saturday
3:00pm - 3:30pm
13
Jun

Property details

Listing # 934257 | Listed on 12 May

A rare mixed-use investment opportunity comprising a five-bedroom character villa and a separately tenanted retail shop, delivering dual income streams from both residential and commercial tenancies. Positioned on a prominent main road, this property offers strong cash flow, excellent exposure, and future flexibility for investors and owner-occupiers alike.

  • Dual income streams from residential and retail components on a single title
  • Combined return of approx. $88,400 p.a.
  • Commercial tenancy returning $31,200 + GST annually + $8,000 + GST OPEX contribution
  • Secure commercial lease in place on a 3-year term from May 2024, with further 2 + 2-year rights of renewal.
  • Residential tenancy returning approx. $57,200 p.a. on a periodic tenancy
  • Strong visibility and exposure on a busy main road
  • Five onsite car parks (3 car pads + double garage), adding convenience and strong tenant appeal.
  • Approx. 217m2 character villa featuring 5 bedrooms, 2 bathrooms, and a double garage
  • Approx. 59m2 retail shop with established street presence and a self-contained kitchen
  • Crosslease front site – 1/2 share of 829m2 (more or less)

Opportunities like this are rarely available. Get in touch today for further information or to arrange a private viewing.

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All conjunctional agents are welcome.

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Additional features

Other park
3 other parks

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