The Perfect Investment

The Perfect Investment

  • 15 brand new ‘bottom-drawer’ true passive investments – buy one or more.
  • Strong tenant covenant supported by a 9-year lease term to a well-established property management company and subleased to a Government-funded Community Housing Provider.
  • Strategic location situated next to the Buddhist Temple and surrounded by popular amenities including the brand new Ormiston Town Centre.
  • Guaranteed annual rental growth.
  • Unique market opportunities with an initial estimated 5.0% net return – these will not last long!Aidan Hill from RE/MAX is excited to bring these brand new opportunities to the market offering 15 freehold unit title investments for sale – to be sold separately. Due for completion mid-late 2021, these opportunities are spread across 5 buildings. Each Unit (from 1 to 15) is a whole floor in a building and includes the following:
    – 5 bedrooms, 5 ensuites, communal kitchen, laundry and lounge
    – Allocated car parks
    – Each unit returns an estimated annual net rental of $83,514 with a 9 year lease term and priced at $1,670,000 (plus GST, if any).The investments benefit from a 9-year lease to an experienced property management company who sublease the property to a Government-funded Community Housing Provider under service agreements with the Ministry of Housing and Urban Development.Well-situated off the main intersection of Chapel Road and Stancombe Road next to the Buddhist Temple, a range of additional nearby amenities include bus stops, schooling and public facilities – highlighting the strong fundamentals of this high growth location. Ormiston Town Centre, opened in 2021, is located a short drive away from 169 Chapel Road.Take advantage of these unique market opportunities – a long term, Government-funded tenanted investment at an estimated 5.0% net return.Amenities
    Close to Transport
    Close to Schools
    Close to Shops Ormiston Town Centre
    Bedrooms 5 Bedrooms
    Bathroom 5 Ensuites

Contact:
Aidan Hill
021 596 660
mailto:aidanhill@remax.co.nz

169 Chapel Road – Approved Information Pack

Property Details

Price: $1,670,000
Address: 169 Chapel Road
Suburb: Flat Bush
City: Auckland
Postcode: 2016
Size of Land:
Property Size: 132 sqm
Bedrooms: 5
Bathrooms: 5
Garaging:

Additional Features:

Property Map

Additional Photos

Contact Aidan Hill

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