10 Gloucester Road, Manurewa, Manukau City, Auckland
Stop here right now if you want to read about a great investment. Ray White Projects is proud to announce for sale land with a significant development opportunity attached. Savvy investors know an opportunity when they see it so read on and discover a development property with RC for 30 rental Units made up of two buildings of 15 boarding units. On this 832sqm of land sits a bungalow renting for $550 per week. But its what you cant see that is important. If your above $1 million (plus GST if any) then get in touch. Please note the photos of the home are prior to been tenanted and we make no representation on the current state of the inside of the home except it is currently tenanted for $550 per week.
- Has RC in place for a large 30 unit type Boarding house
- Estimated gross rental $350 per week for each unit.
- Incredible tenant demand from private, local and central govt sources.
- Has holding income of a tenant of $550 per week.
- Significant gross profit margins and cash flow.
- Available are reports and drawings but only to approved purchasers.
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