IN-ROOM AUCTION Wednesday 4th November 2020 at 6:30 pm (Unless Sold Prior) at the Professionals Manukau Office - 652 Great South Road, Manukau
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With interest rates this low, there is no better opportunity place to have your money than in an opportunity like this - an extremely rare find!
If you are a private home buyer looking at an opportunity to house an extended family or obtain an additional income stream to supplement your repayments, this could be a great purchase. Or if you are an astute investor, developer or land banker who is looking after an Ace to add to your deck, this is what you have been waiting for. This very well maintained 1960s, 266m2 (more or less) brick, the purpose-built flat complex comprises of 3, two-bedroom units which bring in a HUGE combined weekly income of $1,485 per week! (Water is included in rent). This equates to an annual rental income of over $77,000. This superb returning complex is positioned on a 612m2 (more or less) freehold site, zoned mixed housing suburban in this prime St Johns location. The rear section is fenced and provides privacy for its occupants and the elevated site allows the upstairs units to benefit from stunning water views. Zoned for St Thomas's School and Selwyn College, and located just a short drive to the amazing Mission Bay, Kohimaramara Beach and an abundance of restaurants, cafes and supermarkets and also near to bus transport routes and just a short distance from the GI train station. It's also surrounded by some extremely valuable suburbs and St Johns, in general, provides a great central location which is accessible to many other areas of Auckland including the central city. Also complimented by two, single garages plus more off-street parking.
NOTE: The technical info provided (incl. the floor and section sizes) has been sourced from organisations such as RPNZ, Property Guru, and the Council; and are broad guides only. Seek legal advice.