118 Browns Rd

Manurewa Auckland

100 m²

473 m²

House

Currently for sale - view listing

Overview

$271K NET INCOME P.A. | 7.15% NET RETURN

Investment Highlights: - $271,000.00 + GST p.a. NET income per building. - 5 Individual Freehold Titles - Each with its own standalone building - Net Yield of 7.15% - After deduction of rates and management fees - Fully Managed - Common areas overseen by Browns Road Management Ltd (no body corporate required) - 12-Year Leases with Rights of Renewal - Secure, long-term tenancies - Net Lease Structure - Tenants cover insurance and compliance obligations - Leases with Landlord Personal Guarantee Included This is your golden moment to secure a purpose-built social housing asset. Completed in July 2023, 118 Browns Road comprises five standalone buildings, each held on a separate freehold title, and individually leased on long-term contracts. This investment has been meticulously designed and structured to deliver stable, hands-free returns and long-term value. Strategic Location: - 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 Interested? Get in touch with the Don Ha Projects Team today. Ketan Patel 021 262 8041 ketan.patel@remax.co.nz Don Ha 021 968 309 don.ha@remax.co.nz