87 College Hill, Freemans Bay, Auckland

CBD Fringe Investment with Development Upside

*NEW DEADLINE CLOSING THURSDAY 14 OCTOBER 2021*

• Fully leased, returning $94,500 + GST p.a.
• Freehold 312sqm Business - Mixed Use zoned land
• Three bedroom dwelling plus office and car parking
• Rare opportunity to secure a multi-use property with future development potential in Auckland's sought-after Freemans Bay

The property comprises two fully self-contained tenancies. The first, a refurbished office tenancy that occupies a high profile position on College Hill and currently returns $47,000 + GST p.a. with built-in rental growth. The second, a three-bedroom dwelling with a tranquil courtyard and storage space, leased to a commercial occupier, returning $47,500 + GST p.a. (net). Both tenancies enjoy city views.

The property is superbly located moments from the CBD and within walking distance of Ponsonby Road. Investors looking for a multi-use, split risk investment with future development upside must investigate.

Call today for further information.