You buy the buildings and let the long term commercial tenant and two bedroom cottage rental pay for the lease and home loan!
The current owner will continue to run her business from the commercial building and the residential tenant would love to stay on if that suits your plan for a consistent income .... Or consider higher returns from the cottage by joining the international phenomenon in Airbnb tourism, developing your income further following the trend taking the world by storm.
One leasehold with two incomes...If you can sustain the purchase then the world is your oyster!
The extensively renovated commercial building (The Beauty Rooms) provides multiple rooms finished to a high standard and the cute relocated two bedroom cottage (at the rear of the section) oozes character of yesteryear with polished wooden flooring throughout yet blends to current times with the modern kitchen and bathroom.
A commercial lease for The Beauty Rooms will become active at point of completion ($400 pw plus part rates) and the cottage is currently tenanted ($290 pw).
The perpetual Lease via Ngati Rurua-atiawa Iwi Trust Board is currently $9,588.70 pa with rent reviews every ten years (last 2014).
- Both buildings are heated via heatpump with gas hot water
- Cottage has previously been used as a holiday cottage via Airbnb and has rural outlook
- Plenty of off street parking for the cottage and commercially used building
- Passive enjoyment of consistent income or proactively grow your income potential ?
Viewings are by appointment only
The sale is price plus GST if any
For further information or to book your viewing talk to Tracey today (0277827048) or email firstname.lastname@example.org for your property information pack.