510 Mt Eden Road, Mt Eden Unparalleled Mt Eden multi-income investment

Available PropertyFiles:

  • /510 Mt Eden Road - Promotional Video /
    • 510 Mt Eden Road.mp4
  • /Information Memorandum /
    • PIM - Mt Eden Rd, 510 15.02.zip
  • /LIM Report /
    • LIM - Mt Eden Rd, 510.zip
  • /Lease Documentation /
    • 2015 Deed of Lease - Indian Lounge Ltd.pdf
    • 2017 Deed of Variation of Lease - Indian Lounge Ltd (1).pdf
    • 2022 CPI Rent Review Notice - Indian Lounge (Actioned 23).pdf
    • 510A Residential Tenancy Agreement - Signed & Redacted.pdf
    • 510B Residential Tenancy Agreement - Signed and Redacted.pdf
    • Healthy Homes Certificate of Compliance - 510A Mount Eden Rd.pdf
    • Healthy Homes Certificate of Compliance - 510B Mount Eden Rd.pdf
  • /Seismic /
    • ISA Report - Mt Eden Rd, 510 (2023-06-16).pdf

Property Description

• 554sqm strategic city fringe high-profile corner freehold site - one title
• Solid commercial and residential income stream from multiple tenancies
• A unique and aspirational residential and commercial investment opportunity

Offered for sale by Deadline Private Treaty closing 13 March 2024 ( unless sold prior) this iconic property includes a commercial tenancy and two independent modern residential units, all on one freehold title (no Body Corp)with Business Mixed-use zoning. On the edge of vibrant Mt Eden Village with its cafes/restaurants, with multiple nearby transport links including City Rail Link, airport and CBD bus routes, etc, this DGZ property offers a superb central location.

The long-term established commercial tenancy is returning $140,249 pa + GST (net). The tastefully refurbished, immaculately presented double-grammar zone, residential units are returning $72,280 (combined), each one featuring two large bedrooms with ensuites, and are currently leased until June 2024 to long-term tenants, with the possibility of earlier vacancy if the purchaser requires, providing options for rental upside, possible Airbnb, or owner occupation.

This property which offers a substantial split risk income will appeal to a range of purchasers including investors, and residential portion occupiers. Contact the agents to receive a link to the comprehensive video tour and other documentation with all viewings by appointment.

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Contact Tony Chaudhary

Bayleys Real Estate Limited, Manukau

Licensed under the REA Act 2008

021995121   tony.chaudhary@bayleys.co.nz   All Listings

Tony Chaudhary’s proven strategies for attaining outstanding results for his commercial property clients have seen him rise through the ranks of Bayleys since joining the group 15 years ago. Tony has ranked amongst the company’s Top 5% of agents nationwide every year since joining Bayleys and he was awarded the esteemed title of No 1 Commercial Agent, New Zealand in 2020/2021.

Specialising in the South/East Auckland commercial property sales market, Tony’s expertise is also regularly called upon by his clients throughout the Auckland market as they recognise the value he can add to the real estate table.

Regularly dealing with individual property owners, corporate clients, high-profile national retail groups, and key international property clients, Tony’s business has grown exponentially on the back of repeat and referral business, record sales prices, a changing market, and clever solutions to his clients’ property challenges.

It is no surprise due to the continuing growth of the business that Tony is now supported by Janak Darji, Gaurav Minhas and Manu Pundir who each bring their own wealth of knowledge and expertise to the team. Tony’s proficiency in Hindi, Punjabi, and English, plus an understanding of Gujarati, allow him to gain people’s confidence and give him the edge in negotiations. Janak also speaks Gujarati and Gaurav also speaks Punjabi, Hindi and Fiji-Hindi.

Tony Chaudhary and his team efficiently services a growing national and international client base which values their diligent work, intelligent marketing strategies and proven negotiation skills that Tony has consolidated. Tony and the team invest significant time and energy to ensure that every avenue is pursued to find the right buyer for each property he is entrusted to market.

Deeply established in the Auckland commercial property market, Tony and his team, together with the reputable Bayleys brand, delivers exceptional real estate service to discerning property owners keen to realise true market value in the competitive marketplace.