22 Landscape Road, Papatoetoe, Manukau

Realistic and motivated vendor ready to cash out

• Large 2,043sqm (more or less) site zoned Residential Mixed Housing Urban
• Freehold multi-tenanted residential flats, fully tenanted with an annual income of $141,440 per annum (approx.)
• In close proximity to Papatoetoe Train Station, schools, New World supermarket and the newly upgraded St George Street mall
• Opportunity to invest, hold or develop

The property comprises of five two-bedroom residential units and one three-bedroom house. The opportunity exists for an add value investor, developer or passive investor to take advantage of existing concept plans and redevelop the site, or simply land bank and enjoy the strong rental income.

Located in close proximity to the Papatoetoe town centre which has been identified by Panuku Development as an area in strong demand which will see housing and population expansion over the next ten years. The location benefits from ease of access to Motorway systems (State Highways 1 and 20), are approximately five minutes away. The Auckland Airport and Manukau Westfield Shopping Mall are a short distance away as well.

For further information, contact the sole agents today

Tony Chaudhary
021 995 121
tony.chaudhary@bayleys.co.nz

Amy Weng
021 177 3422
amy.weng@bayleys.co.nz

Janak Darji
021 047 1290
janak.darji@bayleys.co.nz