• Complex of 7 flats • Located on a 1869sqm freehold site • Strong rental income • Fully tenanted with long-term tenants • Zoned for Residential - Terrace Housing and Apartment Building Zone • $100,000 gross rental income p.a. in current condition and potential to grow it further • Potential to increase returns by up to 25% based on the current rental appraisals for the properties
Rarely does an investment opportunity arise that presents such prime position, size and versatility. These 7 flats offer an opportunity to invest, renovate or re-develop the site. Currently, all units are tenanted with a healthy weekly rental return. The individual floor plans and well thought out designs will suit a variety of tenancies including singles, couples, retirees and families, as they all offer great life style choices. The property has a gross rental income of $100,000 per annum in the current condition and potential to considerably grow it further. The property represents an exceptional opportunity for investors to secure a large flexible residential investment that is presented in good condition and positioned in the heart of lively Manurewa. It is an equally exciting freehold 1869sqm re-development site for any potential developers out there. The property is situated in the Residential - Terrace Housing and Apartment Building Zone.
Located steps to the heart of the Manurewa township including Southmall Shopping Centre, train and bus stations and local parks. Minutes to the motorway, local schools and leisure centres. Contact Karan on 022 044 0119 for more information or to view.