• 365sqm (approx.) floor area
• 668sqm (more or less) freehold site
• Three bedroom, two bathroom apartment
• Dual purpose commercial and residential property
• Returning $24,900 per annum plus GST and outgoings
Offering a rare combination of investment, lifestyle, and functionality, 303 Rickit Road presents an ideal live/work opportunity in the heart of Te Awamutu. This well-presented site features a commercial tenancy and a three bedroom, two bathroom residential dwelling, making it ideal for investors, tradespeople, first home buyers, or retirees seeking additional income and room to store the motor home, boat and classic car.
The existing commercial lease to Absolute Valet ensures a reliable income stream of $24,900 per annum plus GST and outgoings, while the attached residence offers the convenience of onsite living. This space includes thoughtful features such as double-glazed living areas for enhanced comfort, and each bedroom is equipped with a double wardrobe. The property also boasts an outdoor living area and an upstairs deck, offering a great space for enjoyment.
Adding to the functionality the residential space is designed for motor homes, large caravans, and vehicle storage, the property includes two roller doors, a motor home dump station, and a grease trap, all consented making this the ideal "lock and leave" investment.
Located in Te Awamutu’s vibrant retail and service hub, with easy access to State Highway 3, this versatile, multi-purpose asset presents an exceptional opportunity. Don’t miss out – contact Willem Brown today.
