Entry Level Investment

Located on a corner site in the main street of popular Petone this three income stream property presents a great opportunity for first time investors or budget conscious commercial investors.

The original two story weatherboard building which has recently been repainted was constructed circa 1900 and the attached single level building is a more recent addition.

The two ground floor shops are currently tenanted until early 2021 and the first floor residential unit is on a periodic term.

All tenants are long-term occupants and prefer to remain in situ.

Potential exists to redevelop the site using the existing framework or a complete rebuild encompassing the airspace above the single level shop. The opportunity also exist to separate the title to the property into two titles.

Full property file available by text or email.

High-profile corner site
Currently tenanted
Short-term leases for flexibility
Development potential
Mixed commercial residential use