Returning $80,000 NET p.a.

59-61, Gray Avenue, Mangere East, Manukau City


Proposed Usage
Floor Area
240.00 m²
Property ID

 Four individual fee simple blocks for sale. Buy one or buy them all! 

Built by Jennian Homes, with a ten year Master Builder Guarantee. These fully consented residential fee simple blocks are leased by a reputable organisation. Each residential block consists of eight self contained rooms, which are fully furnished with a queen size bed and includes a kitchenette, and private ensuite. Each building has two larger ensuited rooms. Tenants have access to common area kitchen, laundry with on site car parking. The premises are secured by 24 hour CCTV and security swipe access to enter the property.

Each of the four blocks returns $80,000 net rent per annum and has its own separate nine year lease in place with two x six year rights of renewal with fixed rental increases, presenting a superb investment opportunity.

Strategically located in close proximity to Middlemore Hospital and Train Station.

For sale at $1,400,000 per block.Call the sole agents for more information to secure this investment. 

Enquire about this property

Mangere East Area