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This is your unique opportunity to secure a significant City Fringe landholding with such a solid & newly built apartment building.
Major growth location just 2.1km from Eden Park, 5.5km from Auckland CBD, 5.3km to Newmarket and only minutes walk to Dominion Road central with all the shops, restaurants, public transports, schools and Parks.
Business - Mixed Use zoning provides more development potential for the future.
The Current income is approximately $400,000 pa with a total of 9 x individual units fully leased:
4 x 2 bedrooms 2 bathroom apartments including 1 master ensuite
4 x 2 bedrooms 1 bathroom apartments
1 x retail shop, rental guaranteed to 2044 by Labtests Auckland Limited
10 x secured carpark spaces
Large outdoor decking space with city view
The building is newly completed & built with solid materials under the new building code. This is truly a maintenance-free investment, an established cash flow is in place with continued rental growth, there is also potential to re-position residential spaces into higher valued commercial uses.
Do not miss this opportunity, call us now!