• 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
• Each unit block (whole floor) comprises 5 studio bedrooms all with ensuites, plus its own communal facilities
• 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!

RE/MAX Projects Marketing Team is excited to bring these brand new opportunities to the market offering 15 freehold unit title investments for sale – to be sold separately.

Scheduled for completion Q3 of 2021, 169 Chapel Road consists of 15 opportunities spread across five separate buildings (three unit blocks per building - a whole floor for each block), and each block consists of five studio bedrooms with ensuites, plus its own communal kitchen, laundry and lounge facilities and allocated car parking. 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, 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.

With each unit returning an initial estimated net rental of $83,447 + GST per annum, take advantage of these unique market opportunities - a long term, Government-funded tenanted investment at an estimated 5.0% net return.

Contact the listing agents for further information on these brand new unique investments.