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398 Onehunga Mall, Onehunga, Auckland City

Cash Flow Bonanza or Options for savvy Occupant

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Auction

Multiple properties
Multiple properties
Bedroom
7
Bathroom
3
Land area
556m2
Title type
Freehold
Ensuite
1 ensuite
New build
New build
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Open homes

Sunday
1:15pm - 2:00pm
23
Nov
Thursday
6:00pm - 6:45pm
27
Nov

Auction

Sunday
11:00am
398 Onehunga Mall, Onehunga
07
Dec

Property details

Listing # 398OMALL | Listed on 14 November

Remarkably rare proposition with a brand new ROW home and two brick and tile units snuggled on one freehold 556m2 site. Investors struggling to achieve appropriate returns from the Banking sector need to consider a boutique complex like this, where circa $100,000 pa is eminently achievable on current rental rates. The flexibility of the 3 dwellings spreads any risk accordingly, opening up the option of living in one and achieving rental income from the others. The new 3 brm home with 2 bathrooms and an open plan living arrangement, is an ideal starter home (if parents are looking to assist), while the easy-care units have well and truly stood the test of time. Rock-solid investment chances such as this, are seldom found, especially with the clearly obvious "home and income" prospects.

Further upside is the scope to be able to subdivide the dwellings onto separate titles and increase the overall value.

My owners of some 6 years have had their time and request a prompt sale to mitigate their pressing desires.

AUCTION Onsite on Sunday 7th December @ 11am (unless sold prior)

Phone Mark Sumich for all documentation and further property information (027) 4909814 [email protected]

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Additional features

Established residential location: Adjacent to arterial routes, the local village and all public transport
Low maintenance exteriors: Two brick and tile units plus a brand new home
Multiple Income streams: Flexibility of revenue with 3 homes, all easily tenanted, with one tenancy already in place and scope to return circa $100,000 per annum
Subdivision scope: Obvious option to increase value by isolating the dwellings onto separate titles

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