Fully Leased Apartments

Property ID 1691601

21 leased apartment units each with 9 studio apartments for sale at NZ$32.55 million.

Selected individual building units are available for sale at NZ$1.55 million each.

All under excellent management by a highly regarded commercial company which holds 9-year leases for each building with two rights of renewal, each of 6 years. The leases are for each building unit, not per apartment, so the return is consistent whether the buildings are fully tenanted or not. Rental reviews are every 3 years.

Each Apartment Block consists of 9 Studio Apartments with kitchenette and a separate toilet and shower. On the ground floor, there is a commercial kitchen and a separate laundry with commercial grade washing machines and dryers.

These are high quality developments with off street parking, gardens and security access and are strategically located in Auckland, New Zealand.

For further information, contact Peter or Bruce

Peter Jennings, Commercial Consultant
T. 021 737 855. E. peter.jennings@raywhite.com

Bruce Truscott, Commercial Consultant
T. 021 305 234 E. bruce.truscott@raywhite.com