RE/MAX Revolution
Real Estate Agents
- Listing #:
- L36049025
- Listed:
- 89 days ago
Price by Negotiation
7.5% Net Return 12-Years Long-Term Lease
118 Browns Road, Manurewa, Manukau CityResidential House
-
- 15 Bedrooms
-
- 15 Bathrooms
-
- 100m2 Floor Area
-
- 473m2 Land Area
About this property
Calling sophisticated investors! With a brand-new lease signed, on offer is a hassle-free investment with guaranteed government-backed tenants for 12-years!This complex is made up of 5 individual freehold standalone buildings, each with 15 studio rooms with guaranteed net income of 7.5% per annum (after deduction of rates and management fees).
The vendor is providing finance! If you have 25% deposit, the vendor will charge you 5% interest rate (interest-only for the first year) and then P&I for up to four years after that, providing you with instant cash-flow!
Investment Highlights
- 5 Individual Freehold Titles - Each with its own standalone building, on a separate freehold title, and individually leased on long-term contracts
- 12-Year Leases with Rights of Renewal - Secure, long-term tenancies
- Net Yield of 7.5% - After deduction of rates and management fees
- Net Rental per Building $267,875 + GST P.A.
- Fully Managed - Common areas overseen by Browns Road Management Ltd (no body corporate required)
- Net Lease Structure - Tenants cover insurance and compliance obligations
- Completed in July 2023
- The Lessee, Maranga Fanau, is a Charitable Trust. The Trust's tenants are provided with the backing of the New Zealand Government.
Strategic Location Benefits
- Positioned in the heart of Manurewa, this property offers tenants direct access to critical infrastructure and lifestyle amenities:
- Adjacent to Homai Railway Station - Seamless access to Auckland's Southern Line
- On Major Bus and Arterial Routes - Enhanced mobility for residents
- Hundreds of Public Carparks - Directly opposite the site
- Walking Distance to Countdown Supermarket & Laundry Services
- Close to Major Employers and Local Services
Enquire now for a full information pack, lease schedule, and financials.
Call Don Ha Projects Now!
Don Ha: 021 968 309
Ketan Patel: 021 262 8041
*Terms and conditions apply.
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