Colliers is proud to exclusively present 23 Princes Street and 26 Atkinson Avenue, Otahuhu, to the market for sale by Auction at 11am Wednesday, 23rd June 2021 (unless sold prior).
Combined, the properties include a substantial land parcel with dual, high-profile street frontages. 23 Princes Street includes a brand new 10-year commercial lease to long standing tenant “Otahuhu Fish Shop”, returning $105,000 + GST. 26 Atkinson Avenue features a residential property on a residential tenancy agreement returning a gross rental of $30,160.
The property is zoned Business – Mixed Use, providing for a wide range of activities including commercial, residential and development activities and boasts a combined 41m of road frontage in central Otahuhu. It also benefits from being positioned on the main arterials servicing as thoroughfare to/from State Highway 1 and connections to Mount Wellington and Manukau.
The 10-year lease will provide an excellent bottom drawer investment, whilst the residential house provides opportunity to add-value and/or occupy.
Call your sole agents Gawan or Ryan for more information
Features:
- Combined total income $135,160 per annum
- New 10 year commercial lease on 26 Atkinson Avenue
- Two Separate Titles
- Split Risk Investment
- Dual Access - High Profile Site
- Zoned - Business - Mixed Use
More information: https://www.colliers.co.nz/p-NZL67014981
