Residential investment complex


169 Chapel Road, Flat Bush

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Residential investment complex | 169 Chapel Road, Flat Bush | 1692006 |      X Close
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Description

Residential investment complex


- New six-year lease to Community Housing Provider

- Returning $1,279,250pa + GST p.a. net (estimated)

- Recession resilient investment

- Proven accommodation model

- Strong demand unlikely to ease

Auckland has a large and well publicised deficit in affordable housing stock for sale and rent. According to the 2018 Census, the ratio of rented dwellings in Auckland increased from 36% (in 2006) to 41%.

The developer of this property, Clarke Group Limited, identified this need in 2012 and since this time, has developed 11 residential rental complexes totalling some 500 studio bedrooms.

The investment model has been highly successful due to strong demand, and not withstanding the strengths surrounding the existing model, over the last three years, the Clarke Group complexes have been identified by CHP's (Community Housing Providers) as rental housing solutions for those on the social housing register.

Post the emergence of Covid-19, investor appetite for resilient investment assets offering low volatility and strong returns has only strengthened. Residential is seen as a pandemic and recession resilient investment. This investment has the dual appeal of not only being based on a tried residential investment model but enhanced by support from CHPs. The lease rented under the CHP model is paid by the government.

This asset also benefits from the provision of 15 unit titles, each comprising of a generous sized apartment, containing five studio style ensuited bedrooms accompanied by a spacious open plan lounge, dining and kitchen area, all set in a secured and landscaped environment accompanied by 30 on grade car parks.

Call now for further information.