•Prominent split-risk, mixed-use freehold investment with 2 car parks
•100% occupied by 2 tenants, returning net $62,000pa + GST
•Levels 1 and 2 consented for residential apartment use
•High-profile CBD location, close to Les Mills, Victoria Park, SkyCity and the Sky Tower
A rare opportunity to acquire a prominent mixed-use freehold in the heart of Auckland CBD. This well-maintained three-level unit comprises ground floor retail occupied by Xplosiv Supplements, with Levels 1 and 2 leased to Resonate EMS Training - a split-risk tenancy profile that provides investors with diversified income security.
Levels 1 and 2 are consented for residential use and benefit from an existing kitchen and bathroom, offering genuine work/live or future residential apartment potential - a rare feature that allows the next owner to capitalise further on the property's prime central location.
194 Victoria Street West benefits from dual access via Victoria Street West and Wellesley Street West. The property is situated approximately 500m from Les Mills Gym, Victoria Park, the Sky Tower, SkyCity and Te Waihorotiu Train Station, and is close to key education institutions serving the CBD.
This is an attractive proposition for investors seeking an affordable, secure holding complemented by the flexibility of residential apartment or work/live use.
