Sold
128 Wellington Street,
Howick, Manukau City
Price withheld
Property details
-
Agents
Ray White Howick: Five AM Realty Limited Licensed (REAA 2008)
12 Uxbridge Road, Howick Manukau City 2014
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Chattels
- Stove
- Light Fittings
- Floor Covers
- Blinds
- Drapes
Block Of Three Flats - Freehold Title!
27 Year Investors Cash Out!
This is an opportunity for proactive buyers to reposition weekly rental incomes to further enhance yield.
All three flats are rented on a periodic basis to long - standing tenants who would very much like to stay.
The recently obtained rental appraisal suggests that:
Unit 1 may achieve between $510.00 - $530.00 per week.
Unit 2 may achieve between $480.00 - $500.00 per week.
Unit 3 may achieve between $510.00 - $530.00 per week.
Of course, should a renovation be undertaken, these returns would soar!
You work out the yield yourself on this Yield Calculator:
https://www.opespartners.co.nz/calculators/rental-yield.
So, do you:
Landbank, and retain the existing tenants?
Develop the site (subject to council approval, thanks to Mixed Housing URBAN Zoning)
Renovate the existing dwelling, and build instant equity.
This investment is the unique of unique - an opportunity that has stood the test of time, a block of three units on a Freehold Title consisting of 1024 m2 more or less.
The multi - tenancies do provide diversification of risk while still offering further upside in yield with further improvements made to the properties.
Make no mistake, my Vendor's instructions are extremely clear - they want this property SOLD on Auction Night!
Be a shame to miss it!
This is an opportunity for proactive buyers to reposition weekly rental incomes to further enhance yield.
All three flats are rented on a periodic basis to long - standing tenants who would very much like to stay.
The recently obtained rental appraisal suggests that:
Unit 1 may achieve between $510.00 - $530.00 per week.
Unit 2 may achieve between $480.00 - $500.00 per week.
Unit 3 may achieve between $510.00 - $530.00 per week.
Of course, should a renovation be undertaken, these returns would soar!
You work out the yield yourself on this Yield Calculator:
https://www.opespartners.co.nz/calculators/rental-yield.
So, do you:
Landbank, and retain the existing tenants?
Develop the site (subject to council approval, thanks to Mixed Housing URBAN Zoning)
Renovate the existing dwelling, and build instant equity.
This investment is the unique of unique - an opportunity that has stood the test of time, a block of three units on a Freehold Title consisting of 1024 m2 more or less.
The multi - tenancies do provide diversification of risk while still offering further upside in yield with further improvements made to the properties.
Make no mistake, my Vendor's instructions are extremely clear - they want this property SOLD on Auction Night!
Be a shame to miss it!
Explore the area
School catchments
- Owairoa Primary School Primary Years 1-6 State 0.14km
- Howick Intermediate Intermediate Years 7-8 State 0.81km
- Howick Primary School Primary Years 1-6 State 1.1km
- Cockle Bay School Primary Years 1-6 State 1.2km
- Howick College Secondary Years 9-15 State 1.3km
- Botany Downs School Primary Years 1-6 State 1.4km
- Mellons Bay School Primary Years 1-6 State 1.6km
- Somerville Intermediate School Intermediate Years 7-8 State 1.8km
- Shelly Park School Primary Years 1-6 State 1.8km
- Macleans Primary School Primary Years 1-6 State 1.8km
- Elim Christian College Composite Years 1-15 State integrated 1.9km
- Our Lady Star of the Sea School (Howick) Primary Years 1-6 State integrated 2.2km
- Macleans College Secondary Years 9-15 State 2.2km
- Pakūranga College Secondary Years 9-15 State 2.3km
- Bucklands Beach Intermediate Intermediate Years 7-8 State 2.4km
- Pigeon Mountain School Primary Years 1-6 State 2.6km
- St Mark's School (Pakuranga) Primary Years 1-6 State integrated 2.7km
- Point View School Primary Years 1-6 State 2.9km
- Botany Downs Secondary College Secondary Years 9-15 State 3.9km
- Saint Kentigern College Secondary Years 7-15 Private 4.8km
- Edgewater College Secondary Years 9-15 State 5.3km
- Tamaki College Secondary Years 9-15 State 5.9km
- Sacred Heart College (Auckland) Secondary Years 7-15 State integrated 6.0km
- Atea College Composite Years 1-15 Private 6.5km
- Auckland Montessori College Secondary Years 7-15 Private 6.5km
- TKKM o Puau Te Moananui-a-Kiwa Composite Years 1-15 State 6.7km
- Glendowie College Secondary Years 9-15 State 6.7km
- Sancta Maria College Secondary Years 7-15 State integrated 6.7km
- Mission Heights Junior College Secondary Years 7-10 State 7.1km
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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Contact Mark Wallace
Contact Mark Wallace
Mark Wallace
128 Wellington Street, Howick 2014
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Mark Wallace
128 Wellington Street, Howick 2014