After over 28 years of investment holding, our current owner is ready to pass on the privileges of owning the low-maintenance and easy residential rentals. Total approx. rent per annum for the 4 flats are: $88,140 The upside for the new owner is:

• Increase the current rent per week to market rent

• Renovate to increase rent and capital gain

• Subdivide (on existing) each flat to its own title and sell them individually or keep them as capital increase.

• Under MDRS (subject to council approval)– Keep for future developments.

 

The location of this block is enjoyed by the tenants as being:

• Walking distance to primary and secondary schools

• Easy access to Airport, North, and Southern Motorways

• Walking distance to Otahuhu Town Centre and Train Station.

• Few minutes’ drive to Sylvia Park, Papatoetoe, and Manukau shopping centres. Each flat has:

• 2 large bedrooms

• 1 spacious bathroom with laundry

• Heat pump

• Rangehood

• Ventilation system

• Carport

• Open Plan living

• Outdoor garden or balcony

Complete the form for viewing and download Lim, title and PIM.