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5 Ferndale Road, Mount Wellington, Auckland City

Four Income Streams, One Smart Investment

dollar

Asking Price $1,650,000

Multiple properties
Multiple properties
Bedroom
4
Bathroom
4
Land area
1024m2
Garage
2
Covered park
2
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Open homes

Saturday
11:00am - 11:30am
25
Oct

Property details

Listing # PCR32591 | Listed on 3 October

Secure this rare multi-income property offering four fully self-contained one-bedroom units, each with solid rental returns, on a generous 1024sqm site in the heart of Mt Wellington. Ideal for investors seeking strong yield, landbankers eyeing future potential, or developers ready to unlock the next phase


  • High-Yield Investment: A proven performer in the rental market, this property offers a fantastic rental income stream of $89k plus per annum. With its desirable features and prime location, it consistently attracts and retains high-quality tenants, making it a cornerstone of a solid investment portfolio.


  • Exceptional Location: Situated in the heart of Mt. Wellington, this property offers unparalleled convenience. It's just moments away from Sylvia Park, a hub of shopping and entertainment, and provides easy access to major transport routes, schools, and essential amenities, making it a highly desirable spot for tenants.


  • Built To Last: A testament to quality, this property boasts four spacious bedrooms and four bathrooms and is designed to be attractive to the market, ensuring peace of mind.


  • Massive Parking Capacity: Say goodbye to parking woes! This property features a remarkable off-street parking area with space for up to eight vehicles, a rare and highly sought-after feature that adds significant value and appeal to potential renters.


  • Big relatively flat section of 1024sqm giving plenty of room for future development potential.


  • A New Chapter Awaits: After years of successful ownership, the current investor is ready to pass the torch for a well-deserved retirement. This is a unique opportunity to acquire a high-performing asset and continue its legacy of success.


  • Four individual 1 bedroom units


Open homes every weekend from 11am to 11.30am.

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Additional features

Other park
2 other parks
Water closet
4 Separate toilets

Schools and childcare in the area

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