Multi Income - 1275m2 THAB

The ultimate investment vehicle! Recently renovated with new kitchens, bathrooms, paint, flooring, plumbing, upgraded electric's and new concrete parking spaces: this multi-income investment screams long term easy care.

Three 3 bedroom units with 2+ car parks each and super spacious gardens and storage. Two of the units have already been tenanted for your convenience: could it be made much easier for you?!

Unit 1 is the largest of the three with the current tenant paying $650 per week. The remaining units are identical with unit 3 rented out for $610 per week. (Unit 2 remains vacant so we can show clients through the property).

Offering a combined rental appraisal of $1850 to $2000 per week: the math's will put a smile on your face!

Situated in a super convenient location and walking distance to all the eateries, entertainment and shopping at Sylvia Park along with the train station. There is good access to the main arterial roads, SH1 and public transport. Ellerslie village, Lunn Ave shops and leisurely walks around Panmure's idyllic basin are all just 10 mins up the road!

This property is drenched in future capital gain zoned Terrace Housing and Apartment Buildings (THAB). Explore the option to add dwellings to the site or simply enjoy the capital growth of the land value in conjunction with the weekly yield.

For auction sales results from Ray White Ellerslie, other sales stats for Mt Wellington and local suburbs, new listings and market news check out www.facebook.com/MtWellingtonRealEstate.

Explore the area

School catchments

Sylvia Park School Full primary Years 1-8 State 0.53km
Bailey Road School Full primary Years 1-8 State 0.60km
Panmure District School Full primary Years 1-8 State 1.1km
Stanhope Road School Full primary Years 1-8 State 1.5km
Atea College Composite Years 1-15 Private 2.0km
Auckland Montessori College Secondary Years 7-15 Private 2.1km
St Patrick's School (Panmure) Full primary Years 1-8 State integrated 2.2km
Michael Park School Composite Years 1-15 State integrated 2.4km
Stonefields School Full primary Years 1-8 State 2.4km
One Tree Hill College Secondary Years 9-15 State 2.5km
Riverina School Primary Years 1-6 State 2.5km
Panama Road School Full primary Years 1-8 State 2.6km
Ellerslie School Full primary Years 1-8 State 2.8km
Panmure Bridge School Full primary Years 1-8 State 2.8km
Oranga School Primary Years 1-6 State 3.0km
St Mary's School (Ellerslie) Primary Years 1-6 State integrated 3.1km
Te Papapa School Primary Years 1-6 State 3.1km
Saint Kentigern College Secondary Years 7-15 Private 3.7km
Pacific Advance Secondary School Secondary Years 9-15 State 3.8km
Edgewater College Secondary Years 9-15 State 3.9km
McAuley High School Secondary Years 9-15 State integrated 4.1km
Tamaki College Secondary Years 9-15 State 4.6km
TKKM o Puau Te Moananui-a-Kiwa Composite Years 1-15 State 4.6km
OneSchool Global - New Zealand Composite Years 1-15 Private 4.8km
Otahuhu College Secondary Years 9-15 State 4.9km
Selwyn College Secondary Years 9-15 State 5.2km
Sisters United Academy Secondary Years 9-15 Charter 5.5km
St Cuthbert's College (Epsom) Composite Years 1-15 Private 5.5km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.

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