UNIQUE RESIDENTIAL INVESTMENT - 7% NET RETURN

41-43, Plunket Avenue, Papatoetoe, Manukau City

By Negotiation

Proposed Usage
Hotel & Leisure
Description:
Property ID
1brshfm

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

Each building comprises nine 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 Manukau City and Auckland Airport.

• Fully furnished apartments featuring ensuite and kitchenette
• Modern, well presented passive investment offering excellent returns
• Fully managed, each building returns circa $110,000 net pa
• Based on a forecast 7% net return, this provides a price guide of circa $1,575,000 per building. Buy one or all four

Enquire about this property

Papatoetoe Area