Ray White Manurewa

Ray White Manurewa was the beginning of a great journey for Sue Douglas and her family. In 1998, Sue opened her first real estate office on what is now known as ‘Ray White Corner’ on the main street of Manurewa.

Being a founding business for Ray White New Zealand, they have received numerous awards and accolades over the years it remains the stronghold of property management for the Ray White Sue Douglas Group.

Parent company Sue Douglas Group has tripled in the last three years extending to Drury and Takanini with the Manurewa office forming the central hub for administration, marketing, accounts, and customer care.

Ray White Manurewa’s longevity is a distinct asset in the field of real estate. It’s safe to say there are few questions they couldn’t answer, and even fewer problems they couldn’t solve. If you’d like to take the stress out of selling or buying property, give Ray White Manurewa a call – not only will they succeed, but they’ll help you enjoy yourself along the way.

Ray White Manurewa
Sue Douglas Property Services Licensed (REAA 2008)

Real Estate Agents

Ray White Manurewa
Greig Kirby
Ray White Manurewa
169 Great South Road
Manurewa
Auckland 2102
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Listing #:
MAN32733
Listed:
22 days ago

Asking Price $895,000

FOUR UNITS APPRAISED 9% TOKOROA $895,000

13 Kauri Street, Tokoroa, Tokoroa
Residential Unit
bedroom
8 Bedrooms
bathroom
4 Bathrooms
toilet
4 Toilets
carparkcovered
4 Covered Car Parks
carparkoffstreet
4 Offstreet Car Parks
floorarea
240m2 Floor Area
landarea
809m2 Land Area
About this property
A classic and unique block of units, a purpose-built investment with northerly aspects, built for longevity, where the outcome is passive rental income with capital growth.

13 Kauri Street Tokoroa - the property features four large 2-bedroom units, nestled on 809m2 freehold land. Each unit is complemented with a single carport and off-street parking. Lovely northerly easy-care grounds provide the occupants with a warm environment in which to live.

This property presents a rare opportunity for investors to add value, a little TLC would make this property a little gem. Good stable tenants, but the annual rental income is very low. An independent rental appraisal of $370 -$390 per week per unit equates to an annual rental income of $81,120 and a massive 9% gross yield. It's a banker's delight.

Situated in the popular northern catchment of Tokoroa, the property is an easy commute to all local amenities, schools, social clubs and Tokoroa's CBD

An in-demand property from prospective tenants is shown by the property's high occupancy rate, where long-term tenants are the norm. Thus, creating a hassle-free investment. The perfect acquisition for an absentee investor or local investor.

Please note: The tenanted units will require a minimum of 24 hours to arrange viewings, there will be no exceptions to this requirement.

Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.
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