Residential investment - six freehold titles


Flat 1-6/35 Margate Road, Blockhouse Bay

Auction

Download Email
Residential investment - six freehold titles | Flat 1-6/35 Margate Road, Blockhouse Bay | 1686588 |      X Close
Image
Description

Residential investment - six freehold titles


- 6 residential units on 6 separate titles - to be sold together

- Returning a net rental of $200,000(incl) per year on a 2 year lease

- Fully renovated interior comprising 2 bedrooms and 1 bathroom each

- Land area 2,497sqm, zoned Residential - Mixed Housing Suburban

- Passive investment with future add value or long term development potential

An excellent residential investment opportunity offered to the market - sit back and enjoy the return. Comprising 6 residential units (3 on each level), the whole property is being offered with a 2 year lease. Each individual unit comprises a floor area of approximately 55sqm and includes 2 bedrooms, 1 bathroom and 1 car park each - fully renovated in 2018 to a high quality standard, while the exterior consists of a brick/concrete brick wall construction.

The offering is located in the established Blockhouse Bay suburb, in close proximity to Lynfield College, Blockhouse Bay Primary and Intermediate Schools, plus LynnMall Shopping Centre. Motorway access is a short distance away with the new Waterview Tunnel linking the area to locations through Auckland. Public transport services are situated just off Margate Road, to the connecting Blockhouse Bay Road and Whitney Street, offering ease of transport.

Flat 1-6/35 Margate Road, Blockhouse Bay

Open in map