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Unique opportunity to acquire Auckland Council's interests in an expansive 124 residential unit portfolio across 12 villages comprising one and two bedroom units.
Situated in the sought-after Auckland suburbs of Bayswater, Mt Albert, Sandringham, Onehunga, Panmure and Howick.
Portfolio provides housing for older people including 52 vacant units, with future option rights to purchase 72 units from existing owners at 20% discount to market value.
Auckland Council is seeking an acquisition partner(s) that will protect the interests of existing owner-occupiers.
Opportunity to acquire the full portfolio, a combination of villages or individual villages.
For sale by Expressions of Interest, closing 4pm, Wednesday 09 November 2022, 30 Gaunt Street, Auckland. (Will not be sold prior)