• Four Stratum in Freehold (unit title) standalone residential properties

• Five (5) year leases to NZ government tenant returning $109,200p.a.
• Passive residential investments in a very hot residential market
• Brick and tile, three bedroom, one bathroom - 126sqm

Very well located in the popular residential suburb of Mangere Bridge, these four residential properties provide a great opportunity for astute investors looking to add to their portfolio. With a five year lease to Kainga Ora a NZ Government tenant these properties offer investors the perfect bottom drawer investment.

The properties consist of 126sqm three bedroom one bathroom, single level brick and tile houses built in the 1990s. The properties are part of body corporate with a total of 16 standalone residential houses. In this location property house prices have been increasing rapidly with low interest rates and first home buyers looking to move into the area. Mangere Bridge has seen a rapid increase in demand due to the completion of the western ring route and in particular the Waterview tunnel, allowing easy travel between South Auckland, the CBD and West Auckland.

In summary, this unique investment ticks all the boxes - allowing the ability to jump into the residential market in a sought after location with a strong tenant covenant.

For further information please contact the sole agents today

Greg Hall

021 0232 1884

greg.hall@bayleys.co.nz

James Valintine

021 0237 1868

james.valintine@bayleys.co.nz

Glenn Baker

021 923 506

glenn.baker@bayleys.co.nz