Manurewa - Development opportunity with investment portfolio

Description

Auction: at 62 Highbrook Drive, East Tamaki on Tuesday 7 May 2024 at 1:00PM (unless sold prior)

Presenting a prime opportunity in the heart of Manurewa, this property boasts a block of three, two-bedroom units (3x2 bedrooms), each with its own unique appeal. Situated on a generous land area of 1270 m², this urban jewel offers versatility and potential for the discerning buyer.

The exterior showcases a meticulously maintained block with carports, offering plentiful off-street parking. Currently leased for three years, this property ensures a hassle-free stream of rental income. It's important to note that these leases are structured as investment products, providing guaranteed rental income with annual increases. Additionally, landlords benefit from assurances of repairs for any damages, mitigating income loss and avoiding tribunal hearings.

For more details on the lease, please contact.

Conveniently located within proximity to Southmall, Manukau Westfield City, Manurewa train station, and zone in for Manurewa Central School, this property offers both convenience and accessibility.

Whether you're an investor looking for a steady income stream or a developer seeking a potential development opportunity (subject to council approval), this property ticks all the boxes. With clear instructions from the owner to sell on or before the auction at the end of March, now is the time to act.

Don't miss out on this exceptional investment opportunity. Contact us now to arrange a private viewing or obtain further information. Make sure to mark your calendar for the upcoming auction; this property won't stay on the market for long!

For more details or to schedule a viewing, please contact.