Ray White Ellerslie - Now Realty Limited Licensed (REAA 2008)
Real Estate Agents
Ray White Ellerslie - Now Realty Limited Licensed (REAA 2008)
Suite 1
101 Main Highway
Ellerslie
Auckland 1051
101 Main Highway
Ellerslie
Auckland 1051
- Listing #:
- ELL33055
- Listed:
- 9 days ago
Auction (unless sold prior)
Tue 8th Oct 4:00pm
Boarding House - Unfinished project - 9% yield
6 Brady Road, Otahuhu, Auckland CityResidential House
-
- 22 Bedrooms
-
- 18 Bathrooms
-
- 16 Ensuites
-
- 10 Offstreet Car Parks
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- 1,290m2 Land Area
About this property
Sat on 1290m2 and opposite seaside park and close to the Tamaki estuary waterway, this outstanding opportunity is screaming BUY ME!RC, BC and EPA have been issued for a substantial 2 story 16 bedroom 16 bathroom 2 kitchen/living boarding house. The foundations have already been laid and signed off by Council and the steel framing is up!
Also situated on the site is a sizable 6 bedroom 2 living room property affording you some healthy cash flow whilst you complete the project.
Offering an expected completed yield of over 9% I challenge you to find such a fantastic return in Real Estate in Central Auckland.
Tailored towards the executive end of the market or an ideal Air BnB or suiting various forms of Housing Associations.
Situated in the desirable Otahuhu peninsula with easy access to SH1 North and South and main arterials routes East and West. All the entertainment and shopping at Sylvia Park is one junction away along with Highbrooke business park and Otahuhu township with the multitude of restaurants, bus and rail is close by.
Viewings are strictly by appointment so call or email to request a site visit or for the full information pack with cash flow forecast.
Often sought and seldom found, a supreme opportunity to not only realise the capital gain whilst completing the project, but also an exceptional long-term investment opportunity.
Disclaimer -This property is being sold by auction and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes. 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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