• Brand new residential housing complex comprising 26 one-bedroom units

• Leased to established Government backed Community Housing Provider (CHP)

• Returning $557,700 (semi-gross) per annum with annual rent reviews

• Recession resilient investment

Bayleys Real Estate are proud to offer this strategic investment to the market by way of Tender.

This brand-new development was completed in early 2021, comprising 26 self-contained one-bedroom residential units contained within two separate buildings.

The property is leased to an established, government funded CHP on a single commercial lease, with the tenant responsible for all operating expenses and maintenance of the property.

With New Zealand's deficit in emergency and transitional housing, this property represents a unique opportunity to invest in a modern, residentially based asset.

All viewings are strictly by appointment.

For further information, contact the sole agents today;

JP Smit

021 0216 1616

[email protected]

James Valintine

021 0237 1868

[email protected]

Sunil Bhana

021 938 660

[email protected]

Mike Adams

021 977 527

[email protected]