Auction: 34 Shortland Street, City on Wednesday 8 July 2026 at 10:00AM (unless sold prior)
Home & Income on 774sqm(MOL) Freehold Land – Returning $58,760 Gross Per Annum
56 Molesworth Place, Mangere
A rare opportunity to secure a versatile home and income property in a rapidly evolving Mangere location, offering immediate rental income, opportunity for positive cash flow, and long-term potential on a substantial 774sqm (more or less) freehold site.
Make your own calculations. Buy, hold, and enjoy the income while securing a valuable landholding for the future.
Positioned on a freehold site, this well-maintained property comprises two self-contained homes, providing flexibility for investors, extended families, or owner-occupiers seeking supplementary income.
Both dwellings are occupied by long-term tenants who have proudly called the property home for over a decade and are keen to remain, offering stability and peace of mind for incoming investors.
Property Highlights
• Two self-contained homes on one freehold title
• Only one set of council rates payable
• Long-term tenants in place (approximately 13 years and 11 years)
• Combined rental income of $1,130 per week
• Approximate annual rental income of $58,760
• Generous 774sqm (more or less) freehold landholding
• Strong home and income or investment opportunity
• Conveniently located close to Auckland Airport, schools, public transport, shopping centres, and motorway access
Investment Appeal
Whether you are looking to expand your investment portfolio, accommodate extended family, or live in one home while generating income from the other, this property offers exceptional flexibility and proven returns.
With interest rates stabilising and demand for quality rental accommodation remaining strong across Auckland, income-generating properties with established tenancies are becoming increasingly sought after.
Secure a reliable dual-income investment today and landbank for tomorrow.
Contact us today for further information or to arrange a private viewing.
