Newmarket - RESIDENTIAL INVESTMENT

Description

Located east of Broadway, between Newmarket and Parnell, this north-facing 812m² Terrace Housing and Apartment Building (THAB) zoned Freehold property consists of a 28-room boarding house with significant, reliable income in a sought-after location for accommodation. 

The well-appointed property includes shared kitchen and living spaces, several bathrooms, and laundry to complement the large easily-let accommodation, which is regularly at 100% occupancy. 

This property will suit an investor focused on cash flow, a residential occupier looking to take advantage of the favourable school zoning and income, a business or school wanting to provide accommodation for staff, or a forward-thinking developer.   

Contact now for further information.

For sale by deadline private treaty closing 3:00pm, Wednesday 29 May 2024 at Level 3, 50 Kitchener Street, Auckland Central (unless sold prior).