Affordable Split Risk Investment
1, Crum Avenue, New Lynn, Waitakere City
- Proposed Usage
- Floor Area
- 360.00 m²
- Land Area
- 607.00 m²
- Auction Date
- 14:00 - Nov 08, 2017
- Property ID
Situated on a freehold corner site in sought after and growing New Lynn, this affordable investment property is a unique offering in today's tightly held market for this style of property.
Currently leased to two well established tenancies; a lunch bar and an automotive repair workshop, this property provides investors a combined income stream of $46,000 pa + GST.
It is situated on a 607sqm site which is zoned Business Light Industry - allowing for a wide variety of potential. The existing 360sqm multi-purpose building was constructed in the 1980s with concrete block walls and long run roofing.
The property enjoys a favourable Category B (70%) IEP status
This property is further complemented by good off-street parking and high-profile corner position, and is close to Great North Road, New Lynn commercial centre and Lynn Mall.
- 607sqm corner site
- 360sqm concrete block building
- $46,000 + GST rental income
- Roller door access to both tenancies
- Good off-street car-parking and yard space
- Favourable IEP
All viewings are strictly by appointment with the sole agents and all details are within the comprehensive information memorandum which is available upon request.