नई सूची
Positioned within the coveted residential living sector, 2-6 May Road comprises 99 studio apartments across 11 separately titled apartment blocks, each offering nine units with shared communal facilities.
Constructed in 2016 the asset presents as a proven operational asset, having been tenanted for approximately 9 years and is situated in an established residential suburb, proximate to employment hubs, amenities and transport links.
The asset is partially leased to a registered Community Housing Provider, Home in Place, with the remaining units privately leased and there is potential to explore headlease opportunities. Currently recording 93% occupancy, the property is currently returning approximately $1,330,000 per annum net contract income.
The living and build to rent sector benefits from supportive demographic trends including increased demand for rental properties. Opportunities to enter the Auckland residential living sector at scale seldomly present.
2-6 May Road, Mangere East is offered for sale by way of a Tender campaign, closing Thursday 13 March 2025 at 4:00pm NZST (will not be sold prior).