One of Papakura’s Most Iconic Investments
First time offered; this well-located property is set on 2023m2 of Papakura's finest land (Mixed Housing Suburban). Built by an old-fashioned craftsman, these timeless flats have been not only been built right, they have been modernised and well maintained and they are Healthy Homes compliant.
The 10 x two bedroom flats are spacious, light and bright and are extremely liveable, hence some of the tenants having been in situ for 20 plus years. Four of the flats enjoy garages whilst the balance have carports and storerooms for tenant convenience as well as being situated on the town's edge with its shops, bus and train station just a short stroll away.
The site itself has further subdivisional potential to build more accommodation in order to increase the already substantial yield. Obviously under rented at $3,540.00 per week, this property has the X Factor that everyone is looking for.
You must inspect these flats to truly appreciate the opportunity that exists here so don't hesitate. Limited viewing time to respect the tenant's rights to peaceful enjoyment, so please avail yourself of the prescribed open times.
Call or text us for a detailed Information Memorandum.