Listed: Tue, 12 May

Dual Income Streams

592 Mount Albert Road, Royal Oak, Auckland City, Auckland

Price by negotiation

5 Beds
2 Baths
1 Living area

Other Features

1 Ensuite
2 Garage parking
3 Off-street parking

Attribute	Value
Property type	House
Parking	2 Car Garage, 3 Car Off Street Parking
Agency reference	934257
Broadband in the area	Fibre, ADSL, Satellite, VDSL, Wireless

A rare mixed-use investment opportunity comprising a five-bedroom character villa and a separately tenanted retail shop, delivering dual income streams from both residential and commercial tenancies. Positioned on a prominent main road, this property offers strong cash flow, excellent exposure, and future flexibility for investors and owner-occupiers alike.

Dual income streams from residential and retail components on a single title
Combined return of approx. $88,400 p.a.
Commercial tenancy returning $31,200 + GST annually + $8,000 + GST OPEX contribution
Secure commercial lease in place on a 3-year term from May 2024, with further 2 + 2-year rights of renewal.
Residential tenancy returning approx. $57,200 p.a. on a periodic tenancy
Strong visibility and exposure on a busy main road
Five onsite car parks (3 car pads + double garage), adding convenience and strong tenant appeal.
Approx. 217m2 character villa featuring 5 bedrooms, 2 bathrooms, and a double garage
Approx. 59m2 retail shop with established street presence and a self-contained kitchen
Crosslease front site – 1/2 share of 829m2 (more or less)

Opportunities like this are rarely available. Get in touch today for further information or to arrange a private viewing.

Viewing by open home only.

All conjunctional agents are welcome.

Open home times

Sat, 13 Jun
3:00 pm to 3:30 pm

Property Files

Discover more about this property.

Request the files from Deepa.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE three kings school
944 Mt Eden Road
340 m
Contributing (Primary), State, 442 enrolled
IN ZONE onehunga high school
24 Pleasant Street
1.4 km
Secondary (Year 9-13) (Secondary), State, 1045 enrolled
IN ZONE mt roskill intermediate
Denbigh Avenue
1.6 km
Intermediate (Intermediate), State, 580 enrolled

IN ZONE baradene college
237 Victoria Avenue
5.9 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 1505 enrolled
UNZONED marcellin college
617 Mt Albert Road
379 m
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 564 enrolled
UNZONED st therese school (three kings)
463 Mt Albert Road
1.1 km
Full Primary (Primary & Intermediate), State : Integrated, 71 enrolled
OUT OF ZONE royal oak school
Chandler Avenue
1.1 km
Contributing (Primary), State, 437 enrolled
OUT OF ZONE mt roskill primary school
Frost Road
1.3 km
Contributing (Primary), State, 626 enrolled
OUT OF ZONE royal oak intermediate school
74 Symonds Street
1.3 km
Intermediate (Intermediate), State, 441 enrolled
OUT OF ZONE mt roskill grammar
Frost Road
1.4 km
Secondary (Year 9-13) (Secondary), State, 1864 enrolled
UNZONED our lady sacred heart school (epsom)
19 Banff Avenue
1.5 km
Contributing (Primary), State : Integrated, 209 enrolled
OUT OF ZONE hillsborough school
Belfast Street
1.6 km
Contributing (Primary), State, 353 enrolled
UNZONED golden grove school
57 Grey Street
2.2 km
Full Primary (Primary & Intermediate), Private : Fully Registered, 49 enrolled
OUT OF ZONE waikowhai intermediate
Richardson Road
2.3 km
Intermediate (Intermediate), State, 326 enrolled
UNZONED st cuthbert's college (epsom)
122 Market Road
2.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1629 enrolled
UNZONED eden campus
16 Ngauruhoe Street
3 km
Teen Parent Unit (Secondary), State
UNZONED oneschool global - new zealand
Level 1 The Precinct 40 Onehunga Mall
3.2 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), Private : Fully Registered, 1498 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.