UNIQUE HIGH YIELDING INVESTMENT
Mangere East, Manukau City
- Proposed Usage
- Hotel & Leisure
- Property ID
This diversified portfolio of 19 recently completed freehold and unit title apartment buildings situated over five locations provides excellent returns for an investor seeking a better than normal return from a residential investment.
Each building comprises between 7-9 studio rooms with their own ensuite, 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 location being situated around key transport nodes and in close proximity to Middlemore Hospital and Auckland Airport.
The properties on offer are as follows:
• 59-61 Gray Avenue, Mangere East - 4 fee simple titles comprising 9 studio rooms per building. Refer listing #72895
• 64A Rosella Road, Mangere East - 6 freehold unit titles comprising 7-8 studio rooms per building. Refer listing #72891
• 41-43 Plunket Avenue, Papatoetoe - 4 fee simple titles comprising 9 studio rooms per building. Refer listing #72893
• 257 Puhinui Road, Papatoetoe - 2 freehold unit titles comprising 8 studio rooms per building. Refer listing #72894
• 21 James Road, Manurewa - 3 freehold unit titles comprising 9 studio rooms per building. Refer listing #73017
• Fully furnished apartments featuring ensuite and kitchenette
• Modern, well presented passive investment offering excellent returns
• Fully manged providing a forecast 7% net return, alternatively a fixed return is available
• Prices from $1,400,000 per building, buy one or whole property