Looking for your first property, a live/work solution or an investment with multiple income streams?

This split residential/commercial property offers flexibility, functionality and income in one package.

Upstairs, the light-filled, north-facing studio-style apartment features open-plan living, dining and kitchen, a master bedroom with ensuite, plus a study/office or small second bedroom.

Downstairs, the well-presented, self-contained office/clinic includes reception, three rooms, kitchen/utility area and bathroom. Air conditioning, its own patio and two allocated car parks add to its appeal.

Solid concrete tilt-slab construction and aluminium joinery provide a low-maintenance setup in a convenient Rosedale location, close to motorway on-ramps, public transport links, cafes, schools and local shopping.

The income opportunity:
• Residential tenancy currently returning $27,040 p.a. including OPEX (OPEX portion $3,357.96 p.a.)
• Ground-floor office currently leased by the Vendor at a discounted rate of $15,600 p.a. + GST ($17,940 incl. GST) + OPEX
• Estimated market rental for the ground floor of $22,000 p.a. + GST + OPEX
At current rents, combined income is approximately $42,940 p.a.,

With potential net income of approximately $45,682 p.a. (includes market estimate as above)

Key features:
• total sqm approx 152
• Residential + commercial configuration

• North-facing upstairs apartment
•
1 bedroom + study/office or small bedroom

• Ensuite + downstairs bathroom

• Self-contained office/clinic
• Three rooms + reception
• Air conditioning + private patio
• Three car parks
• Solid concrete construction
• Approx. body corporate levy $4,115.92 p.a.

Properties offering this established office/clinic-style configuration are not often available. Whether you're looking to live, work or invest, Unit 4 offers plenty of options.
Income and rental figures are indicative and subject to tenancy arrangements, expenses and purchaser due diligence.

Any and all information either attached or provided has been provided to be helpful by assisting you with general information about this property. The information originates from a third party or the Auckland Council and not from the real estate agent, Cooper and Co Real Estate Ltd or from the Vendor. Neither the Vendor, the agent, nor Cooper and Co Real Estate Ltd, make any warranty or representation regarding the accuracy, completeness or currency of the information attached.
You should make your own investigations with your lawyer, the Auckland City Council, a Building Inspector and any other desired advisors you feel necessary to do your own due diligence prior to purchasing this property.