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Mangere

7 Novak Place, Mangere, Manukau

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547sqmΒ Land area SQM
4Β Bedrooms
1Β Lounges
1Β Bathrooms
2Β Parking
3Β Offstreet

Asking Price NZ$950,000

Renew, invest or nest


Private Viewings will be available in level 3 - Please contact us now to book your private viewings.

Located in the up and coming residential suburb of Mangere, this solid 15 year brick and tile home provides a great opportunity for investors looking to secure a passive investment with a guaranteed return.

Built in the 2000's this 160sqm (more or less) home consists of four bedrooms, one bathroom all on a single level with internal entry double garage.

This property has two years to run of a five year lease to Kainga Ora a NZ Government tenant returning $35,004.00pa. At the end of the lease, consider options to renew, invest or nest. .

Mangere 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.

Proximity
5 kms Airport
1 km to motorway
14 kms to CBD

Proposed Mangere Town Centre Vision of new rail: https://www.lightrail.co.nz/light-rail/route/

Richie Blackmore

Richie Blackmore


Bayleys Real Estate Ltd, Takanini,
Licensed under the REA Act 2008
Felicity Blackmore

Felicity Blackmore


Bayleys Real Estate Ltd, Takanini,
Licensed under the REA Act 2008

Features

Land area


547 sqm (more or less)

Location


Very well located in residential suburb of Mangere

On offer


Freehold standalone residential property

Property


Solid brick and tile modern four bedroom home 160sqm (more or less)

Rental Income


Five year lease to NZ Government tenant, expiring 2023