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
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