Affordable Split Risk Investment

1, Crum Avenue, New Lynn, Waitakere City

Auction

Proposed Usage
Industrial
Description:
Property ID
1bzqyjp

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.

Key features:
- 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.

Enquire about this property

New Lynn Area