• 72.3sqm (approximately) freehold unit + 29 covered, secure carparks
• Prime City positioning opposite the new Karanga-a-Hape Station, and close to CBD and key amenities
• Affordable price point with strong upside potential
• Strategically positioned hassle free investment with secure income
A rare opportunity to secure 29 freehold, strata-titled carparks, and fully leased unit in the city.
This opportunity comprises a 72.3sqm freehold unit and 29 carparks on one title. The commercial unit is occupied as a managers office and enjoys an annual net rental of $17,230.06 + GST. The 29 carparks are on separate leases and return circa $70 + GST each per week.
The subject property forms part of The Chatham Apartment building which comprises three levels of basement carparking, ground level retail and 11 levels of residential apartments. The Chatham Apartments feature a restored Edwardian-era facade from around 1900 combined with modern residential development and was upgraded in 2009. Extremely well located opposite the new Karanga-a-Hape Station and within easy walking distance of Queen Street and the wider city centre.
An affordable investment with multiple income streams, this offering is not to be missed.
