5 Laurelwood Avenue, Pukekohe, Auckland - Franklin

Nestled in the serene Laurelwood Avenue, Pukekohe, this remarkable freehold property boasts 7 well-maintained flats, each thoughtfully designed with either 2 bedrooms and 1 bathroom or 1 bedroom and 1 bathroom. Constructed in 1965 with robust brick walls and iron roofing, this investment opportunity sits on a levelled 1518sqm site. Currently generating over $140,000 per annum, the property has a floor area of 400sqm and is in an 'average' condition both in walls and roof. The capital value has seen a 57.45% increase from $1,175,000 in 2017 to $1,850,000 as of 2021, with HouGarden AVM valuing it at $1,720,000. This property falls within the catchment area of several reputable schools, including Pukekohe Hill School (Decile 5), Pukekohe Intermediate (Decile 5), Pukekohe High School (Decile 6), and Buckland School (Decile 8), making it an ideal investment for families.

With a rental income of $2,725 per week and the potential for more, this property is a goldmine for investors. Each flat has designated parking, ensuring tenant satisfaction and a hassle-free ownership experience. This is the first time this property has ever hit the market, and it's ready for a visionary investor to capitalize on its endless potential in the 'Residential- Mixed Housing Suburban Zone'. Don't miss out on securing your investment before the Set Date of Sale on the 13th of June 2024.

For a detailed information pack or to arrange a private viewing, please contact Jonathan Ziesler on 0276009075.

Updated on June 18, 2024