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Picture Vinegar Lane in Ponsonby. Retail ground floor with apartments up top. Retain the quaint cafe and hair salon tenancies for a steady, reliable income while you on sell the apartments for a goo profit; there are currently few if any new apartments being built in Devonport!
That is what is available here, all to boot with steady holding income of just over $102,000 per annum with potential to increase to close to $150,000 per annum while you put your development plans in place.
In the area.
8 minute walk to Devonport New World
8 minute walk to The Vic
5 minute drive to Cheltenham Beach
15 minute walk or 4 minute bus ride to Devonport ferry terminal
15 minute walk to the summit of Mount Victoria.
This is absolute gold a rare find in the heart of Devonport so if building and developing are not your flavour then simply either take over the income and sit back or move in to the 3 bedroom apartment with backyard and collect and manage the rental income for years to come.
Call Tom today this opportunity will not last.
Sole Agency no agents please.
Thinking of selling? Buyers looking for residential and commercial property in Devonport/ Takapuna right now.
All distances and income quoted above are have been sourced from a 3rd party. All buyers are advised to perform their own due diligence with regards to all aspects of this property.