2 Bel Air Drive, Hillsborough, Auckland

AT A GLANCE...

- 4 incomes from 4 flats/units.

- 360 sqm floor area (more or less). 1,186 sqm land area.

- 2 Cross Lease (Freehold) titles in Mixed Housing Suburban zone.

- 1960s (approx.) brick and concrete tile construction.

- Current combined weekly rental income is $1,950.00.

- Current rental income $101,400.00 p.a.

- Appraised income per week of $2500.00.

- Appraised rental income - $125,000 p.a.

- Combined total CVs of $2,345,000.00.

City Fringe flats are hard to find! As are home and incomes.

This property is perfect for someone looking for either 4 tidy investment flats or 2 large home and incomes. The building is of solid construction, built in the 1960s with a concrete block base, low maintenance brick cladding and concrete tile roofing. The 2 cross lease titles are separated down the middle, with both properties having 2 incomes each, making a total of 4 individual incomes.

- Unit 2A (First floor): 2-bedrooms, 1-bathroom, 1 double garage (internal access).

- Unit 2D (Ground floor): 1-bedroom, 1-bathroom.

- Unit 2B (First floor): 3-bedrooms, 1-bathroom.

- Unit 2C (Ground floor): 2-bedrooms, 1-bathroom.

All 4 dwellings are tenanted with individual, reliable, long-term tenants. There are 4 separate power meters, so tenants pay for power, and water is paid separately by the landlord.

Units 2B and 2C have been fully renovated with new kitchens, bathrooms, carpets, and paint. 2A and 2D are waiting for their new owners to walk through the door with paintbrushes in hand...

This property is in a prime location, on main bus routes, with easy access to and from the Southwestern Motorway. It's an easy walk to Onehunga College, Royal Oak, the Mall and the Warehouse.

Come to the site to check out the rest of its features! Open to view Saturday and Sunday at 12:30-1 p.m.

Tender closes 1:00pm on 9th May 2024, at G02/223D Green Lane West, Epsom