169 Chapel Road, Flat Bush, Manukau
Government-Funded Investments – 9 Year Lease, est 5% net return!
Due for practical completion in September 2021 (anticipated), the opportunity consists of 15 units across 5 separate buildings (three per building), and each unit comprises five studio rooms all with ensuites, plus its own communal kitchen, laundry, and lounge facilities, with allocated car parking. The investments beneﬁt from a 9-year lease to an experienced property management company, who sublease to a Government-funded Community Housing Provider under service agreements with the Ministry of Housing and Urban Development.
Well-situated in a strategic location surrounding by popular amenities including the brand new Ormiston Town Shopping Centre, schooling and public facilities highlight the strong fundamentals of this high growth location.
With each unit returning an initial estimated net rental of $83,467 + GST per annum (excludes Body Corp & Rates), take advantage of these unique market opportunities – a long term, Government-funded tenanted investment, at an estimated 5% net return.
Buy 1, 2 or more!
Price: $1,670,000 + GST (if any) per unit
Prices and availabilities are subject to change without notice.
We invite all interested parties to complete the simple contact form below and one of our RE/MAX team members will be in touch soon to provide you further information.
RE/MAX Revolution | Each office independently owned and operated | Top One Real Estate 2015 Limited | Licensed REAA 2008
remaxrevolution.co.nz | 136 Broadway, Newmarket, Auckland | PHONE: 0800 4DONHA or 0800 888 000