Cash Cow - Returning $69k Per Annum!

A prime site and ready-rented addition to the portfolio with secure holding income in a location quickly gaining momentum with an appeal heightened by the handy location and proximity to South Mall, the train station, and motorways.

Currently accommodating three tenanted 2 bedroom/single bathroom brick and tile units with open plan living and individual covered car parking.

Tenants would love to stay offering a reliable holding income of approximately $1,330 per week with a rental adjustment overdue.

Set back off the road on a 1,136sqm parcel with MIXED HOUSING URBAN ZONE under Auckland unitary plans enabling options to subdivide (subject to consent) with services on-site and rectangular shape offering efficient ground use and a range of building configurations.

Call Team Garry Singh and get first pickings on this prime candidate for a great investment opportunity.

Auction to be held in-room at Ray White Takanini, 5pm, Wednesday 13th April 2022 (unless sold prior). If you are unable to make this event please use the following link to watch this auction live - rwtakanini.co.nz/watch-our-auction-live

PLEASE NOTE: Specified floor and land area sizes have been obtained from sources such as RPNZ or Auckland Council (LIM) documents. They have not been measured by the Salesperson or City South Investments 2019 Ltd. We recommend you seek your own independent legal advice if these sizes are material to your purchasing decision.