118 Browns Rd

Manurewa Auckland

100 m²

473 m²

House

Currently for sale - view listing

Overview

7.5% Net Return 12-Years Long-Term Lease

Calling sophisticated investors! With a brand-new lease signed, on offer is a hassle-free investment with guaranteed government-backed tenants for 12-years! This complex is made up of 5 individual freehold standalone buildings, each with 15 studio rooms with guaranteed net income of 7.5% per annum (after deduction of rates and management fees). The vendor is providing finance! If you have 25% deposit, the vendor will charge you 5% interest rate (interest-only for the first year) and then P&I for up to four years after that, providing you with instant cash-flow! Investment Highlights - 5 Individual Freehold Titles - Each with its own standalone building, on a separate freehold title, and individually leased on long-term contracts - 12-Year Leases with Rights of Renewal - Secure, long-term tenancies - Net Yield of 7.5% - After deduction of rates and management fees - Net Rental per Building $267,875 + GST P.A. - Fully Managed - Common areas overseen by Browns Road Management Ltd (no body corporate required) - Net Lease Structure - Tenants cover insurance and compliance obligations - Completed in July 2023 - The Lessee, Maranga Fanau, is a Charitable Trust. The Trust's tenants are provided with the backing of the New Zealand Government. Strategic Location Benefits - Positioned in the heart of Manurewa, this property offers tenants direct access to critical infrastructure and lifestyle amenities: - Adjacent to Homai Railway Station - Seamless access to Auckland's Southern Line - On Major Bus and Arterial Routes - Enhanced mobility for residents - Hundreds of Public Carparks - Directly opposite the site - Walking Distance to Countdown Supermarket & Laundry Services - Close to Major Employers and Local Services Enquire now for a full information pack, lease schedule, and financials. Call Don Ha Projects Now! Don Ha: 021 968 309 Ketan Patel: 021 262 8041 *Terms and conditions apply.