116-118 Browns Road, Manurewa

Deadline sale closes 28^th May 2025 at 2:00PM(Unless sold prior)

75 Bed

75 Bath

BITE SIZED, PASSIVE INVESTMENT WITH HIGH YIELD

Barfoot & Thompson Commercial are pleased to offer for sale this purpose-built investment property in the Auckland suburb of Manurewa.

The development at 116-118 Browns Road provides purpose-built residential accommodation designed to meet the shortage of housing for individuals seeking one-bedroom units in South Auckland.

The property is comprised of five separate buildings, each containing 15 one-bedroom units with ensuites, 75 studio units in total, on 2,030m² of land in close proximity to Homai railway station. Each building is on its own separate title creating an affordable investment opportunity.

The buildings are leased to Maranga Fanau Charitable Trust, a substantial private entity that works closely with the government through the Ministry of Social Development and other agencies. The organisation provides a range of essential services including social housing, school mentoring, and elderly support. The lease is for 12 years at $327,600 per building. This is a fully net lease with outgoings payable by the lessee, other than rates and management fees.

This property offers hassle free income in a high demand market segment with a high yield.

KEY FEATURES:

12-year lease to Charitable Trust
$297,554 net rental per building
15 one-bedroom units per building
Fully managed
High yield
Buy one or more buildings
Call now for more details

Call agent Email agent

Property details

Location:

116-118 Browns Road, Manurewa

Property type:

Investment flats

Land area:

2031m²

Bedrooms:

Bathrooms:

Property ID:

912236

Deadline sale details

Add to calendar

28/05/2025 02:00:00 PM28/05/2025 02:00:00 PMDeadline sale for 116-118 Browns Road, Manurewa, Manukau CityDeadline sale for 116-118 Browns Road, Manurewa, Manukau City closes at 2:00pmUnless sold prior Deadline sale closes Wednesday 28th May 2025 at 2:00pm (Unless sold prior)Pacific/AucklandDD/MM/YYYY

Deadline sale closes Wednesday 28th May 2025 at 2:00pm (Unless sold prior)

Distance to schools is as the crow flies and is provided as an estimate only. Source: Ministry of Education