Dual Income Investment - Asking Price $1,950,000
37, Scanlan Street, Grey Lynn, Auckland City
Price On Application
- Proposed Usage
- Floor Area
- 305.00 m²
- Land Area
- 353.00 m²
- Property ID
Enquire about this property
Investments of this nature are extremely rare in the popular Grey Lynn / Ponsonby area.
The opportunity is here to acquire your own split risk commercial property. 37 Scanlan Street is an immaculately presented property comprising two tenancies, providing a total income of $97,065.15 p.a net + GST + Outgoings.
With polished concrete, high ceilings and exposed trusses the interior is an example of a beautifully converted warehouse historically utilised as a duvet manufacturing facility and now presents very well and needs to be viewed to realise its appeal.
The property is one of only five units managed by a body corporate and has the potential to be subdivided and/or changed to residential.
Both leases expiry in April 2020 opening the door for owner occupiers with a vision; live-work buyers and savvy investors looking to take advantage of rental growth and a burgeoning precinct.
Call the sole agents today for further queries or to view
Hamish Paterson 0211007259 - email@example.com
Jonathan Lynch 021900611 – firstname.lastname@example.org