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Mangere Bridge

110 Crawford Avenue, Mangere Bridge, Manukau

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3Β Bedrooms
1Β Lounges
1Β Bathrooms
1Β Parking

Asking Price NZ$720,000

SOLD - Hands off investment opportunity


Located in the popular, up and coming residential suburb of Mangere Bridge, this solid brick and tile home provides a great opportunity for investors looking to secure a passive investment with guaranteed returns.

Built in the 1990s this 126sqm (more or less) home consists of three-bedrooms, one bathroom all on one single level.

The property has three years to run of a five-year lease to Kainga Ora a NZ Government tenant returning $27,300p.a. At the end of the lease, consider options to renew, occupy the property yourself or keep as a private investment.

Mangere Bridge has seen a rapid increase in demand due to the completion of the western ring route and in particular the Waterview tunnel, allowing easy travel between South Auckland, the CBD and West Auckland.

This is a unique and affordable option to add to your property portfolio.

In summary:
-1990s brick and tile 126sqm (more or less) home
-Part of a five (5) year lease to NZ government tenant returning $27,300 p.a
-Passive, hands off residential investment where the government tenant is liable for minor repairs during the term and making good at lease expiry

For more information, please download the property files here: https://www.propertyfiles.co.nz/property/1710372 or txt Glenn or Jack for a property report

Limited private viewings are available under Level 3 guidelines, please contact me directly if you would like to discuss booking a Level 3 private viewing.

Glenn Baker

Glenn Baker


Bayleys Real Estate Ltd, One Tree Hill,
Licensed under the REA Act 2008
Jack Davies

Jack Davies


Bayleys Real Estate Ltd, One Tree Hill,
Licensed under the REA Act 2008

Features

Estate


Stratum in Freehold (unit title) standalone residential property

Location


Very well located in the popular residential suburb of Mangere Bridge

Passive Income


The property has a three-year lease remaining to Kainga Ora a NZ Government tenant returning $27,300p.a.