5 x 2 BED FLATS - SELLING!
THE OWNERS ARE MOVING OUT AND THIS NEEDS TO BE SOLD! CALLING INVESTORS AND LANDBANKERS.
A rare and attractive property, perfect for investors and land bankers. There are five flats one one title. Each flat has 2 spacious bedrooms and one functional bathroom, along with a private living room and kitchen. Each flat is 100sqm in size! This property checks all the boxes with a large section size of 1,512 square metres and a short drive to Sylvia Park Shopping Centre. Long-term tenants are in each of the units.
5 X 2 Bedrooms
500 m2 of floor area (each is 100sqm)
Freehold 1,512 m2
5 x own separate power and water connection
Rent Appraisal: $500 - $550 per unit per week. (Rent Appraisal up to $143,000 per year)
Potential to subdivide or crosslease
Residential-Terrace Housing and Apartment Building Zone
Minutes drive shops, schools, Sylvia Park Shopping Centre, Pak n Save
8 minutes drive to Middlemore Hospital.
School Zones Otahuhu College, Otahuhu Intermediate and Otahuhu School.
Each unit has its own separate power and water connection. Options to subdivide the property or create five cross-lease titles
AUCTION: 28th of November 2023 1:00 pm (Unless sold prior) at 603 Great South Road, Manukau - Ray White Manukau Offices
Disclaimer -This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.