* 625m²=6,727 sq.ft. (0.06 Ha)
Home and Income - Auction this Thursday!
AUCTION IN ROOM (unless sold prior)
Thursday 5th September 2019 at 6:00pm
Professionals Manukau Office - 652 Great South Road, Manukau
The 'out of Auckland' based owners of this supreme, home and income investment have purchased a personal property and require a sale here to shift funds - owner needs this sold at auction! If you are in the market for a dream investment or something to satisfy extended family needs, we've got just the ticket.
Set on an easy care 625sqm freehold section, this property includes two, 3 bedroom 1 bathroom dwellings and is currently drawing in $885 per week in rental income. That is over $46,000 annually! The property is currently rented at below market value to keep the great tenants, and rental appraisals could see a significant increase on the weekly return.
Not only will this property provide a great day-one return for an astute buy and hold investor, there is even potential here to add your own value here (especially to the original house) and create recyclable equity. And by giving it a little T.L.C. you'll also likely increase the incoming weekly rent to at least $950-$970.
The second dwelling was completed in 2014 and is still in excellent condition - only 5 years old!
The property is situated within close walking distance to shops, bus stops, parks and schools. It is also handy to both motorways, Auckland Airport and Manukau City Centre.
IMPORTANT: To download all information such as the LIM, Title etc. for free, please go to: www.propertyfiles.co.nz/property/PMK14436
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 for general information only. They are solely intended to provide a general understanding of the subject matter and to help you assess whether you need more detailed information. We recommend you seek your own independent advice on everything material to your purchasing decision.