Seeking superior returns to term deposit rates? With eight rental incomes, all in one spot - you can. Logistical ease for management and maintenance - comprising of a studio, one bedroom unit, five two bedroom units and three bedroom freestanding home. Occupying a 2388 sqm corner site, immediate proximity to basic amenities, public transport, schooling, CBD access and main arterial routes, with current rental assessments suggesting a favourable return. Each residence offers off-street parking or garaging, private courtyard or back garden - independent living with a community feel. Primarily concrete block and brick construction and whilst in a past life, the Ritz Carlton Motel, now consented as a multi-unit residential offering. Limitless options make for excellent long term investing - be it solo or syndicate. Make your money work for you.
Firstly an estate in fee simple in all that parcel of land containing 1429 square metres more or less being Lots 1-2 on Deposited Plan S9272 being comprised and described in Certificate of Title SA6C/159 South Auckland Registry, together with an estate in fee simple in all that parcel of land containing 959 square metres more or less being Lot 21 on Deposited Plan S10242 being comprised and described in Certificate of Title SA5D/210 South Auckland Registry.
Capital Valuation Date:
$10,095 approx per annum
Concrete Block, Vertical Weatherboard, Split Stone, Fibrolite
Aluminium And Wooden
2,388 square metres (approx)
Fixed Floor Coverings, Curtains, Light Fittings, Automatic Garage Door Opener & Remote X 1, Garden Shed X 8, Stove X 7, Rangehood, Waste Disposal Unit, Wall Oven, Bench Top Hob, Clothesline X 7, Laundry Tub X 2, Woodburner, Built In Cabinetry And Bench In Garage, Water Filter, Dishwasher, Drapes.
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.