5 Birdwood Crescent, Parnell, Parnell, Auckland

The Block

After 25 years of ownership our vendors are selling this extremely rare blue chip investment in the heart of Parnell.\n\nThis block consists of 8 apartments, 7 x 1 bedroom apartments and 1 x 2 bedroom apartment, all on one freehold title and located just off Parnell Road.\n\nCurrently returning $152,360 gross per annum this block is positioned on a North facing, elevated site with off-street parking. This character building is testament to the era in which it was constructed. Built in brick, circa 1970's, 5 Birdwood Crescent in Parnell's dress circle has been well-kept by the present vendors and given its location and convenience, has been consistently tenanted over the years of their ownership. \n\nAs you know, unique properties such as this very rarely come up so seize the opportunity and commence your due diligence today. Buy with confidence in the knowledge that as an investment it has the potential to increase its value and rental return.\n\nFull information memorandum available on request.\n\nAUCTION: 2pm, Wednesday 21 November 2012 (unless sold prior)\n4 Viaduct Harbour Avenue, Auckland