25 Apartments - cash cow-potential 8% yield
25 Apartments - cash cow-potential 8% yield
1 Layard Street, Avondale
1 Layard Street, Avondale
Asking Price NZD $10,500,000 + GST (if any)
Asking Price NZD $10,500,000 + GST (if any)
Listing ID 1697834
Features
-
1,680sqm
floor area -
799sqm
land area
Details
Asking Price NZD $10,500,000 + GST (if any)
| Available | Block of 25 freehold apartments, plus one commercial unit on individual titles |
| Amenities | Fully furnished, near new and finished to a high standard throughout |
| Location | Strategically located close to the Avondale Village and Avondale Train Station |
| Opportunity | A must view for residential investors, occupiers and accommodation operators |
Description
25 Apartments - cash cow-potential 8% yield
• 25 apartments plus high profile commercial unit for sale in one line
• All on individual titles, underpinned by 799sqm mixed use land
• Asking price $10,500,000, potential 8% yield
• Immaculately presented, near new and fully furnished
• Low risk cashflow investment or land bank to sell down
Take advantage of this wholesale opportunity to purchase 25 apartments in one line at well below replacement cost. Offered fully furnished and with the potential for a circa 8% yield, this strategically located residential investment provides astute investors an affordable opportunity for an ongoing cash cow investment or add value sell-down project.
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Damien Bullick
Auckland Central - Commercial
Licensed under the REA Act 2008
| Mobile: +64 22 420 6845 |
| Office: +64 9 375 8429 |
| damien.bullick@bayleys.co.nz |
Alan Haydock
Auckland Central - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 532 121 |
| Office: +64 9 375 6890 |
| alan.haydock@bayleys.co.nz |
Features
-
1,680sqm
floor area -
799sqm
land area
Details
Asking Price NZD $10,500,000 + GST (if any)
| Available | Block of 25 freehold apartments, plus one commercial unit on individual titles |
| Amenities | Fully furnished, near new and finished to a high standard throughout |
| Location | Strategically located close to the Avondale Village and Avondale Train Station |
| Opportunity | A must view for residential investors, occupiers and accommodation operators |
1 Layard Street, Avondale
Open in map
Damien Bullick
Auckland Central - Commercial
Licensed under the REA Act 2008
| Mobile: +64 22 420 6845 |
| Office: +64 9 375 8429 |
| damien.bullick@bayleys.co.nz |
Alan Haydock
Auckland Central - Commercial
Licensed under the REA Act 2008
| Mobile: +64 21 532 121 |
| Office: +64 9 375 6890 |
| alan.haydock@bayleys.co.nz |
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