LJ Hooker Oamaru
Real Estate Agents
- Listing #:
- L29980329
- Listed:
- 37 days ago
Buyer Enquiry Over $449,000
DUAL-USE INVESTMENT
25 Awamoa Road, Holmes Hill, WaitakiOther
-
- 3 Bedrooms
-
- 1 Bathroom
-
- 1 Car Garage
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- 280m2 Floor Area
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- 556m2 Land Area
About this property
Astute investors will appreciate this dual-use investment opportunity to enhance both their residential and commercial portfolios with a single property purchase.Located in the desirable South Hill area of Oamaru, this versatile property presents a unique investment, featuring a commercial space on the ground floor and a self-contained three-bedroom flat upstairs, this property is designed to maximize income potential.
Currently, the property generates a reliable income of $680.00 per week from two separate tenants. The upstairs flat, occupied by a long-term tenant, is Healthy Home Compliant and comes with great off-street parking and a carport to enhance tenant convenience and satisfaction. Ample parking and easy access for tenants and visitors ensures streamlined access for smooth business operations.
The ground floor commercial space is leased to a reliable tenant, secured with a two-year lease and renewal options, with the final expiry date extending to March 28, 2030. The stable leasing arrangement adds to the investment's desirability and provides peace of mind to investors.
This property is not just a real estate investment; it's a gateway to growth and substantial returns. Investors and developers will quickly recognize the immense potential it offers.
Buyer Enquiry Over $449,000
Contact Stephen Robertson on 0274 731 112
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