Affordable residential investment opportunity

106 Crawford Avenue, Mangere Bridge

Asking Price NZD $699,000

Download Email
Affordable residential investment opportunity | 106 Crawford Avenue, Mangere Bridge | 1871313 |      X Close

Affordable residential investment opportunity

• Stand-alone single level investment property priced to sell.

• Five (5) year lease to NZ government tenant returning $27,300p.a

• Passive residential investment in a very hot residential market

• Brick and tile, three bedroom, one bathroom - 126sqm

Very well located in the popular residential suburb of Mangere Bridge, this well presented property provides a great opportunity for investors looking to secure property in a very very hot market. With a five year lease to Kainga Ora a NZ Government tenant this property offer investors the perfect bottom drawer investment.

The property consists of 126sqm three bedroom one bathroom, single level brick and tile houses built in the 1990s. The property is part of body corporate with a total of 16 standalone residential houses. In this location property house prices have been increasing rapidly with low interest rates and first home buyers looking to move into the area. 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.

In summary, this unique investment ticks all the boxes - allowing the ability to jump into the residential market in a sought after location with a strong tenant covenant.

For further information please contact the sole agents today

Greg Hall

021 0232 1884

James Valintine

021 0237 1868

Glenn Baker

021 923 506

106 Crawford Avenue, Mangere Bridge

Open in map