Mangere Bridge - 8 Bedroom House - Subdividable 1012m2 - Rent $1,360pw | New Zealand Real Estate Investment Property Deals.

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NEXUSPROPERTY

Listing:	MANGERE BRIDGE - 8 BEDROOM HOUSE - SUBDIVIDABLE 1012M2 - RENT $1,360PW
Type:	House : Subdivision Potential
Category:	Private Sale	Bedrooms:
Price:	$625,000	Bathrooms:	2
Region:	Auckland	Site Area:	1012 m2
Address:	Login	Building Area:	174 m2

Description:

Cashflow and Development potential in a sought after location.

Currently an 8 bedroom Boarding House. The section is huge and the dwelling is in good solid condition.

Well presented property with lots of parking at front and rear. Rooms rented at an average $170/wk each. 2x kitchens and 2x bathrooms, Building size 174sq.m, with large 1012sq.m site. Potential to add another dwelling to the rear. Currently a resource consent is in place to add a second dwelling.

Mangere Bridge is well sought after location, with easy access to Auckland City, airport and amenities, Close to schools, Motorway access is 2 mins drive.

Currently Rented at an average of $170pw, total of $1,360pw or $70,720pa- which is 11.3% Gross Yield !!

This property is cashflow positive by $480.00pw or $25,000pa (based on 100% borrowing at 6.5% minus all expenses).

Purchase Price: $625,000
Rental Appraisal: $1360pw or $70,720pa
Gross Yield: 11.3%
Building: 174m2
Land: 1012m2 (Resource consent granted for second dwelling)
Rates: $2,049.44
Cashflow Positive: $480pw or $25,000pa

Interested ? What to do next ...

Call Shane on 021 182 6547 or email shane@nexusproperty.co.nz

If you do wish to secure this property, please contact us ASAP as it will be sold on a first in first served basis.

www.nexusproperty.co.nz
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