Developer to exit, commercial lease, residential fundamentals. 5A-5C Pantera Way, Manurewa presents a compelling large-scale residential investment, comprising 30 modern two-bedroom apartments built in 2020 across three low-rise buildings on a substantial site.
The option exists to purchase 1,2 or 3 of the tenanted blocks - we encourage all investors to review.
The property is fully leased in one line to Link People Limited a subsidiary of Wise Group, one of New Zealand's largest Non Government Organisations, providing a single institutional tenant covenant and approximately 9.3 years remaining on the initial term.
Designed for low-maintenance, passive ownership, the asset benefits from CPI-linked rental growth and minimal landlord responsibilities. Each apartment is held on its own title, offering future flexibility to retain, sell individually, or divest in stages.
Located in the established Hill Park area with strong access to key transport and amenities, this is a rare opportunity to secure scale, income certainty, and future optionality in a high-demand Auckland residential market.
Contact the sole agents to receive the information pack or to arrange a site visit.
Features:
- 30 leased residential units across three blocks
- 9-year lease term remaining
- Tenanted to Link People / Wise Group
- Completed in 2020
- Strong rental growth
- Returning $890,732 net per annum
- For Sale In One-Line
More information: https://www.colliers.co.nz/p-NZL67040928
