Mangere  - 'Boarding House - Looking for high yield?'

Here is your opportunity to secure this long established 19 bedroom boarding house on a spacious level 1844m2 site located within walking distance to Middlemore Hospital, train station, bus stop, shops and schools and easy access to motorway.

Permitted to accommodate 35 persons. Rent from 19 rooms is approximately $3,400 per week with approximately 100% occupancy. Positive cash flow here.

This property is for sale after more than a decade, and is ideal both for investors looking for a good return on investment or an owner/occupier wanting to have 'hands-on' management and live in the adjoining house at 4a Gray Avenue (Listing No 426857).

'Beat the recession. Call me now to view.'

Open Homes: Wednesday & Sunday 1-2pm 8 Gray Ave, Mangere or by appointment with Mushtaq Sheikh.

For sale by Auction together with the Owner/Manager's residence at 4a Gray Ave, Mangere.
Auction: Wednesday 3 March 2010, 3pm L4, 50 Kitchener St, City Rooms, Barfoot & Thompson Ltd MREINZ, REAA 2008.