Investment Block of Flats - 12 separate titles

Papatoetoe, Manukau City

By Negotiation

Proposed Usage
Tourism & Hospitality
Property ID

• Freehold 2,240m2 site in a accessible location
• Twelve 1970s style flats each on their own fee simple title - to be sold together
• Fully leased investment returning $281,000 pa gross
• Opportunity for add value investors and developers and good long term passive investment

The current improvements comprise twelve 1970s style two bedroom flats with onsite car parking. Each unit is set over one level and enjoys sunny outdoor private areas.
Zoned Residential - Terrace Housing and Apartment Zone with a height control of 16m. An excellent residential opportunity offered to the market.

The property is fully leased - enjoy the holding income now and develop in the future.

All viewings are strictly by appointment with the appointed agents.

Call now for full information.

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