11A Hoturoa Place, Manurewa

11A Hoturoa Place, Manurewa

High-Yield Dual Income – Cashflow King!

This unique offering delivers the perfect balance of immediate cash flow and long-term capital growth potential. Situated in the sought-after Urban Zone, this freehold property already produces a strong rental return while also offering exceptional development options.

Two dwellings on one title:

• Front home – a classic 1970s weatherboard 3-bedroom house
• Rear home – a modern 2016 brick & tile 2-bedroom home
• Current income stream: Both properties are on fixed leases, returning a combined $1,315 per week ($68,380 p.a.), providing reliable positive cashflow from day one.
• Future development potential: With all services on site and no flooding or other overlays to restrict you, this section is primed for redevelopment. A concept plan is already available, showing the option to remove the front home and build two new 4-bedroom houses, while retaining the rear home.
• Add instant equity: Titles can be separated. Investors have the option to sell the modern rear home alone for around $600,000, while simultaneously developing the front site – maximising returns with minimal holding risk.
• No compromise on location: Being in the Urban Zone, you are positioned for strong demand from both tenants and future buyers, ensuring excellent capital growth potential.

This property ticks every box for the savvy investor: strong immediate yield, clear path to adding value, and multiple exit strategies. Whether you hold as a dual income “cash cow”, subdivide and sell down, or redevelop for maximum upside – the numbers stack up.

Opportunities of this calibre in the Urban Zone rarely last. Act fast and secure your next high-performing investment.

Please do your own due diligence.

Call now to arrange more information or a private viewing

MARKETED AND PROMOTED BY PRO EDGE REAL ESTATE LTD. Licensed: REAA 2008