Modern Residential Investment Portfolio

69 McKenzie Road, Mangere Bridge, 2-6 May Road & 5 Miami Street, Mangere East, Auckland

Completed build-to-rent properties

19 buildings across two sites

Net rental $1,767,000 pa plus GST

Investment / Residential For Sale

For Sale by Deadline Private Treaty closing at 4:00 pm Tuesday, 20 Aug 2019     Tenanted Investment
Land Area: 9,788.00 m2.    Floor Areas: 1.00 m2 to 5,500.00 m2.    

Description

Offers are invited for May & McKenzie - a rare opportunity to acquire a completed and highly successful build-to-rent (BTR) portfolio of 171 residential units across two large sites in Mangere and Mangere Bridge, Auckland.

- Deadline Private Treaty closing 4.00pm Tuesday 20 August 2019

- Build-to-rent completed properties

- 19 separate buildings of nine studio units each

- Each building separately titled

- All buildings head leased

- Net rental $1,767,000 pa plus GST

- Near 100% occupancy since opening in 2016

- Secure investment

- Passive income

- The portfolio is only available as a complete package, not as individual sites or units

Features

  • Build-to-rent
  • Passive income
  • Secure investment

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