Sold
Auckland City
Otahuhu
11 Princes Street

11 Princes Street, Otahuhu

price information

We show sold price once a sale is settled. For pricing information in your area, contact the salesperson.

1287m² Floor Area

675m² Land Area

HIGH YIELDING, RECESSION PROOF CASH COW

A must-see with future development upside!

Rarely do you find a carefree investment that represents a low-risk position whilst providing the potential for future redevelopment. And all this at such a comparatively reasonable price! Our vendor is clear – he wants this sold. Do not make the mistake of not considering this property. Be bold and your fortune is assured.

Established 50-room boarding house on a Business - Town Centre zoned site
Strong demand, fully booked at 100% occupancy almost all the time
A quality property, routine maintenance has been a feature of the ownership
An excellent sitting manager of the last 12 years wants to stay on
Returning approximately $260,000 net per annum
Possibility of a double-digit yield

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Property details

Location:

11 Princes Street, Otahuhu

Land area:

675m²

3 phase power:

Yes

Accommodation:

Yes

Air conditioning:

Yes

Sprinklers:

Yes

Partitioned:

Yes

Other features:

Floor coverings

Property ID:

4037006

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