STRONG CASH FLOW PROVIDING GREAT RETURN!

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

By Negotiation

Proposed Usage
Hotel & Leisure
Description:
Property ID
1brshfk

On offer are four recently completed apartment buildings for sale with individual fee simple titles.

Each building comprises eight bedrooms (20m² - 24m² approx.) with their own ensuite, and are fully furnished including bed, TV and kitchenette.

The rooms are rented out on a weekly basis and are achieving high occupancy due to the well publicised shortage of accommodation in the city and their strategic location being situated around key transport modes and in close proximity to Middlemore Hospital and Auckland Airport.

• Fully furnished apartments featuring ensuite and kitchenette
• Modern, well presented passive investment offering excellent returns
• Fully managed, each unit returns circa $100,000pa net
• Based on a forecast 7% net return, this provides a price guide of circa $1,400,000 per building. Buy one or all four

Enquire about this property

Mangere East Area