Home and investment in one!


54 Strong Street, Saint Johns

Asking Price NZD $269,000

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Home and investment in one! | 54 Strong Street, Saint Johns | 1410754 |      X Close
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Home and investment in one!


Attractive duplex sitting nicely on 622sqm of land. The rear unit opens onto a north facing deck looking out over an established lawn. The deck off the front unit faces west with all the afternoon sun. Both units have 2 double bedrooms, modern kitchens and bathrooms and are reasonably spacious. The property is partially fenced with off street parking.

This is a leasehold property with the lease expiring in August 2034 - 15 years to run at $26,300 pa. The lease is perpetually renewable and reviewed every 21 years. The vendor has just spent $23,000 plus restoring the concrete tile roof, painting the outside and insulating the two units.

The location is highly desirable - conveniently close to supermarkets, public transport, railway station and zoned for Stonefield's school. The new sports centre at Merton Road and shopping centre at Lunn Avenue are also making St Johns a sought after suburb.

Purchasing a leasehold property is a solution to Auckland's real estate woes. Currently, in this instance the rent from one unit will pay for a large percentage of the outgoings (ground rent and Council rates) and the lease has 15 years to run!

Susan Rees

Ellerslie

Licensed under the REA Act 2008

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54 Strong Street, Saint Johns

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Susan Rees

Ellerslie

Licensed under the REA Act 2008

View profile