Dual Income Investment - Asking Price $1,950,000

37, Scanlan Street, Grey Lynn, Auckland City

Price On Application

Proposed Usage
Office
Floor Area
305.00 m²
Land Area
353.00 m²
Description:
Property ID
1c4gr2v



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 - hamish.paterson@colliers.com

Or

Jonathan Lynch 021900611 – jonathan.lynch@colliers.com

Enquire about this property

Grey Lynn Area