35A Mangere, Road Otahuhu, Auckland Citysale

35A Mangere, Road Otahuhu, Auckland City

Property ID: #2024.02.
84
Exceptional Investment Opportunity: Prime Property on Mangere Road, Otahuhu!
Seize the Golden Opportunity With $120,000 Rental Income!

Attention all investors, land bankers, and developers! Rarely does a property with diverse potential and unique features come to market. This exceptional offering presents a myriad of opportunities for future redevelopment and a solid income stream from four well-maintained units.

Property Highlights:
  • Generous Land Size: 951 sqm with ample space for future development (subject to council approval).
  • Zoning: Terrace and apartment zoning, perfect for redevelopment plans.
  • Units: 4 x 2-bedroom units, each currently rented for $535 per week.
  • Construction: Brick exterior with steel/G-Iron and double-glazed windows, ensuring durability and energy efficiency.
  • Comfort: Each unit features a heat pump for year-round comfort.
  • Full Information Packs Available on Request
Why Invest Here?
1. Prime Location:

Situated on Mangere Road in the rapidly developing Otahuhu area, these units are strategically positioned close to motorway offramps, schools, and essential amenities, offering unmatched convenience for tenants.

2. Stable and Predictable Income:

Currently leased to a government-funded community housing provider, these units guarantee a stable income stream. Each unit generates a gross income of $29,934 per annum, totaling approximately $120,000 annually, with rents geared to CPI annual reviews.

3. Future Growth Potential:

Otahuhu is on the rise, with ongoing infrastructure projects and urban revitalization initiatives. This growth suggests the potential for significant capital appreciation over time, enhancing your overall return on investment.

Whether you’re a seasoned investor looking to diversify your portfolio or a newcomer seeking a secure and promising investment, this property offers an attractive proposition you won’t want to miss.

Contact Wayne Jackson at 0277283355 or Gary Singh at 021899868 for further details and to arrange a viewing. Act now and secure your future with this exceptional investment opportunity!

Call Today!

Don’t let this unique opportunity slip away. Contact us today to learn more and take the first step towards a profitable investment.

Contacts Us

  • enquire@proedgeproperty.co.nz

  • 9c Sharkey Street, Manukau
    Auckland

  • 0800 TO RENT (867368)

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0800 867 368

Email:

enquire@proedgeproperty.co.nz

 

Address:

9c Sharkey Street, Manukau

Auckland

 

 

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