A compelling opportunity to secure a fully leased, diversified investment in Marsden Village, an established upmarket retail precinct on Karori Road.
The property combines two established retail tenancies on net leases, leased to Marsden Books and Unichem Pharmacy and four modern one-bedroom apartments, providing multiple commercial and residential income streams within one well-positioned asset.
At the heart of this established Karori retail precinct, the property benefits from a strong mix of surrounding retail, hospitality and everyday services, including Marsden Village Café, Shelly Bay Baker and Four Square, together with a substantial surrounding residential catchment.
The property comprises approximately 428 m² of building area, has a seismic rating of 75% NBS and has six separate unit titles. This provides for future flexibility of the investment.
With total annual rent of approximately $202,420 and net passing income of approximately $176,521 per annum, this is an attractive opportunity to acquire a fully leased mixed-use investment in a tightly held suburban location. Property investments of this quality are rarely available.
*Please note all areas and values are approximate only.
For further information or to arrange an inspection, please contact:
Alistair Robertson on 021 418 647 or [email protected]
Hamish Templeton on 029 127 0018 or [email protected]
Features:
* Commercial tenancies on net leases
* Six separate unit titles
* Four one-bedroom apartments
* Two ground-floor retail tenancies
* Comprehensively redeveloped in 2021
* Prominent Marsden Village location
* Excellent access to nearby public transport
