YOUR OWN BLOCK

8 APARTMENTS, 1 BLOCK

With a prime Parnell address, 5 Birdwood Crescent consists of 8 apartments; 6 x 1 bedrooms and 2 x 2 bedrooms, all on one freehold title.

Currently returning $167,700 gross per annum, the block is positioned on a north facing 744sqm (approx.) site, 50m flat walk to Parnell Rd. The elevated site provides stunning views to the city and Auckland domain from some units whilst all units benefit from the off-street car parking at the rear and common laundry facilities.

Ideally located in Parnell's dress circle, the property has been well-kept and improved by the present owners and given its location and convenience, has been consistently tenanted over the years of their ownership.

This is a once in a lifetime opportunity to secure a whole block of units, on freehold land in Parnell. So seize the opportunity, commence your due diligence today and buy with confidence in the knowledge that this is a cast iron, passive investment, in on of Aucklands most affluent residential suburbs.

Open: This Saturday 12.00 - 1.00

(Please note that not all the units will be open during the open homes however we will endeavour to open all 8 on Saturday 5th December 2015, 12.00 - 1.00pm)

Insurance per annum $4,532.13 (approx.)

Common area (power) per annum $3,914.46 (approx.)

Rates per annum $12,687.73 (approx.)

Water per annum $1,907.36 (approx.)

CV: $3,250,000 (July 2014)

AUCTION: 2pm Wednesday 9th December 2015, 4 Viaduct Harbour Avenue, Auckland (unless sold prior)

Click here to view a video of the property

About Parnell:

New Zealand's oldest suburb is famed for its galleries, cafes, restaurants and charming boutique-style stores.

Enjoy the special unhurried village character of Parnell's shopping centre, where you're sure to find something quite unique. Wander a little further to explore Parnell's beautiful parks and remarkable historic buildings.

Downtown Auckland is only 10 minutes away on the Link Bus whic