New Lynn - BLOCK OF NINE BRAND NEW TOWNHOUSES

Description

Sole Agency

New Lynn's best!

Well-located within New Lynn Town Centre are these nine, brand new, high-quality townhouses for sale. This is an easy hands-free investment no to be missed.

There are seven (units three-nine) three-level live and work townhouses. They are self-contained (own sub-power and water metres) commercial units with a courtyard on the ground floor, and residential on the first and second floors, which include a balcony.

There is up to 10 years flexible term on the residential and commercial self-contained 3m high ceiling units on the ground floor, with a courtyard included.

Unit one is a two-bedroom residential apartment only.

Unit two is a three-bedroom residential apartment only.

KEY FEATURES:

• High quality combined commercial and residential units
• Total 1,197m² floor area on 832m² (more or less) Freehold land
• Nine brand new townhouses on nine individual titles with various sizes
• Total of 26 bedrooms, 25 bathrooms and 10 car parks
• Currently six units are fully tenanted with a gross rental of $286,000 p.a.
• Expected gross rental of $428,400 p.a. when fully tenanted
• Opportunity to use the three vacant units for Airbnb or other accommodation uses
• Handy location
• Business Metropolitan Centre zone

Our vendor is the developer and is selling the nine townhouses with nine individual titles together.  The new owner has the opportunity to sell the units separately to make a profit.

New Lynn is an established town centre located in west Auckland, neighbouring Avondale, Blockhouse Bay, Glen Eden, Titirangi, Sunnyvale and Green Bay, and is 10 kilometres to the southwest of the Auckland city centre. There is great access to State Highway 16 and 20, Northwestern motorway, Souhteastern motorway,  and Avondale and Rosebank Road hubs.

Kaponga Crescent is a cul-de-sac street located just off the main arterial. The tenants enjoy this convenient location being walking distance to Lynn Mall, public transport, shops and cafes, and The Warehouse.

Please call the sole listing agents for more information or to arrange a private viewing.