Rangiora

ID RC114975

Move in or invest

Don't miss this opportunity to buy a low maintenance commercial property in a great location, situated close to many retail facilities.

Downstairs there is a 50sqm, two room office space plus kitchenette and toilet, with a 56sqm upstairs flat comprising one bedroom, open plan living with balcony and bathroom. Fully furnished, it comes with a new heat pump, new titanium element in the water cylinder, a dishwasher, washing machine, queen bed, with bedside tables, two sofas, table and chairs, brand new carpet and to the living and bedroom areas, even a vacuum cleaner.

The flat has a separate entrance, but with a door at the bottom of the stairs to access the bottom office space, if required and there isn't a separate tenant there. Two car parks come with this unit, in addition to visitor and on street parking.

Currently downstairs is rented for $15,600/yr with two years to go and a right of renewal for one year. This has got to be a good alternative for people priced out of the housing market. Live upstairs in the comfortable unit while continuing to get a return on the downstairs office space and be within walking distance of all that Rangiora offers.

Alternatively, rent the flat out for $340 to $360/wk., which would give a good yield on the asking price. The vendor is not GST registered. Looking for offers over $365,000
Features
Area | 106.00m2Rates | $3,368.11LV | $75,000RV | $360,000
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Dayan Muntz

M  021 432 926  P  

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