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Investment And Land Bank

Papanui, 98 Main North Road

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Listing Number: RG8548
About this listing
1029m² of residential medium density land directly across from Northlands Mall with two buildings and three garages producing a gross annual income of $70,200 plus outgoings. The rear building is converted into two flats, a one bedroom and a two bedroom both with fixed term tenancies. The front commercial building is leased for approximately $370per m² annually. This lease is for two years expiring November 2019 and has a right of renewal for a further two years expiring November 2021. Excellent car parking spaces are located at the rear of the property plus there is one fully enclosed garage separately leased and two other covered parking spaces for the tenants. Viewings are by appointment only. The vendor is not registered for GST. If you would like further details of this diversely interesting and financially sound property please contact us.

Please be aware that this information has been supplied by the vendor and/or sourced from: Property Guru, Property Smarts, Land Information NZ, Local Councils, ECAN, CERA and other organisations. Harcourts Four Seasons Realty 2017 Ltd is merely passing over this information as supplied to us. We cannot guarantee its accuracy or reliability.
Property Information
  • Land Size: 1029 sqm
  • Property Type: House, Home & income
  • Roof: Iron
  • Tenure: Freehold
  • Property condition: Fair
  • Garaging / carparking: Freestanding garages x3
  • Construction: Weatherboard and Commercial Building - Stucco, Garage - Block
  • Joinery: Timber, Aluminium
  • Flooring: Vinyl and Carpet
  • Window coverings: Drapes, Net curtains, Blinds
  • Heating / Cooling: Heat pump, Electric
  • Chattels remaining: See attached schedule
  • Main bedroom: Double
  • Bedroom 2: Double
  • Bedroom 3: Double
  • Fencing: Partial
  • Land contour: Flat
  • Grounds: Tidy
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to shops, Close to schools

Contact Details

Property Location

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