Cashflow is King

Auction: at 34 Shortland Street, City on Wednesday 30 November 2022 at 10:00AM (unless sold prior)

Consider your options: Multiple Rental Property; Excellent Investment; Investigate Development Potential. Freehold 916m2, Zoned Mixed Housing Suburban

12 flats (10 x 1 bed, 2 x 2 bed) All fully-tenanted, with many long-term tenants, presently returning the owners more than $260,000 pa.

Positioned near the heart of Mt Eden Village this historic property, built of rendered solid brick over 100 years ago, offers the astute investor so much opportunity.

Split into 12 tenancies, the 900m2 of living space over 2 levels offers a substantial income to its owners. The carefully-selected tenants, most of whom are young professionals and creatives, share garden areas where outdoor projects flourish. Three flats each have the exclusive use of a single garage.

For the investor looking at longer-term potential, you'll find 916m2 (more or less) of flat rectangular land, with wide road frontage, perfect for exploring future development options.

Whatever your intentions, the location will never change - 150m to the cafes, bars and shops of vibrant Mt Eden Village; minutes from transport links into the city; in zone for Epsom Girls Grammar and Auckland Grammar Schools.

This is an absolutely MUST SEE opportunity for the astute buyer.

Call now for your private appointment.

See interactive features and property documents for this property on barfoot.co.nz. Click the "View their website" link at the bottom of this page.