Studio for Sale
- About this property
A Fantastic Net ReturnProperty ID BDW22161Here is possibly the perfect opportunity to take the hassle out of residential investment! With a lease backed guarantee and strong value proposition these Freehold blocks may not be on the market for long!
We have 3 modern and stylish blocks with Master Build Guarantees available to purchase at $1,575,000 each plus GST
Are you starting to like the appeal of this investment? Because they also come with an excellent net return!
A very well established and reputable company leases the property from you and manages all aspects of the operation of the properties - a straightforward investment for you! Potential annual cashflow of $90,000 plus GST and outgoings, showing 5.8% net return. The Lease period is 6 years plus and you will also have 2 x 6 year Right of Renewals.
21 James Road, Manurewa comprises three recently completed standalone residential investment properties with each dwelling held by separate freehold unit title. Each dwelling comprises nine ensuited rooms in addition to a shared kitchen, dining and laundry facility. Open carparking is provided onsite for seven vehicles. Tenants absolutely adore studio apartments such as these because they are let out fully-furnished to a high quality finish.
These properties have been strategically developed with location in mind handy to transport links to Auckland City, within 500 meters walking distance is the Southmall Shopping Centre. Other amenities close by include Russell Park, Manurewa Library, and further to the north the Manukau Super Clinic. This is a high growth, high demand location!
Availability is limited, we know by now we must have piqued your interest, so be quick!
If you have any further questions, queries, or wish to request a full Information Pack, please contact Daniel 021868777 or Amy 0211352105.