Investments do not get better than this!

219, Onepu Road, Lyall Bay, Wellington

Auction

Proposed Usage
Industrial
Description:
Property ID
1c3nrhs

Taking pride of place on the corner of Lyall Bay Parade and Onepu Road the historic Lyall Bay Tearooms underwent a complete refurbishment just two years ago. With the Botanist on the ground floor and two quality, two bedroom apartments above this is a very attractive split risk investment.

The Botanist has over 9 years to run on their first term of the lease. One residential apartment is leased to a permanent resident on a monthly basis the other is leased via Airbnb, this style of letting could increase the potential income.

Total net income from the property is around $131,000 per annum, with room to improve.

This is really a special opportunity to secure an A grade investment property that will provide a very steady income stream for years to come.

To obtain a full information pack on the property, including all Supplementary Documents please register your interest here: http://www.propertyfiles.co.nz/property/3251986.

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Lyall Bay Area