If you are looking for investment properties with strong rental income, then look no further. These eight two-bedroom units are an ideal choice for astute investors seeking reliable returns and future capital growth.
Situated on a freehold 1,770 m² flat section, six of the units are constructed with durable brick and concrete tile, while the other two feature weatherboard cladding and decramastic roofing. Each unit has its own carport, and the site benefits from dual street access, offering added convenience for residents.
Located on the highly sought-after Great South Road between Manukau City Centre and Manurewa, this property is only a few minutes’ drive to Manukau Central, with access to shops, supermarkets, restaurants, bars, and essential amenities. Manukau Train Station provides a direct connection to Auckland CBD and beyond. Manurewa Southmall Shopping Centre is just 700 metres away, and motorway access is quick and easy. The renowned Auckland Botanic Gardens are also nearby.
Each unit offers two bedrooms, one bathroom, and a comfortable living space, and all are in tidy condition.
Most importantly, all eight units are currently leased to a registered Community Housing Provider. The lease is in place until 10 February 2026, with a five-year right of renewal through to 10 February 2031 (if exercised). The current annual rent is $237,952, providing guaranteed rental income. The landlord also retains the right to an annual rent review to align with market rates.
All tenancy and property management is handled entirely by the lessee organisation. The management fee is 5% plus GST of the rent. All wear and tear maintenance is the landlord’s responsibility. The lessee organisation will fix damages caused by the tenants. At the end of the lease, the lessee is responsible for reinstating all fixtures and fittings at their own cost, ensuring the property is returned to its original condition.
This is a rare hands-free investment opportunity, delivering excellent rental yield and outstanding potential for capital growth or future development.
Contact Victor or Kelly today to learn more about this exceptional offering.
