Antillean Guilder
Argentina Peso
Aruban Florin
Australian Dollar
Bahamian Dollar
Barbadian Dollar
Belize Dollar
Bermudan Dollar
Bitcoin
Brazil Real
Bulgarian Lev
Canadian Dollar
Cayman Islands Dollar
Chile Peso
China Yuan Renminbi
Columbian Peso
Costa Rican Colón
Czech Republic Koruna
Denmark Krone
Dominican Peso
Euros
Fiji Dollar
Ghanaian Cedi
Honduras Lempira
Hong Kong Dollar
Hungary Forint
Iceland Krona
India Rupee
Indonesia Rupiah
Israel Shekel
Jamaican Dollar
Japan Yen
Korea (South) Won
Lebanese Pound
Malaysia Ringgit
Mexico Peso
Mauritian Rupee
New Zealand Dollar
Nicaraguan Córdoba
Nigerian Naira
Norway Krone
Pakistan Rupee
Panamanian Balboa
Peruvian Sol
Philippine Peso
Poland Zloty
Russia Ruble
Singapore Dollar
South Africa Rand
Sweden Krona
Switzerland Franc
Taiwan New Dollar
Thailand Baht
Trinidad & Tobago Dollar
Turkey Lira
United Arab Emirates Dirham
United Kingdom Pound
Uruguayan Peso
US Dollar
Viet Nam Dong
Qatar Riyal
Barfoot & Thompson Commercial are pleased to offer for sale this purpose-built investment property in the Auckland suburb of Manurewa. The development at 116-118 Browns Road provides purpose-built residential accommodation designed to meet the shortage of housing for individuals seeking one-bedroom units in South Auckland. The property is comprised of five separate buildings, each containing 15 one-bedroom units with en-suites, 75 studio units in total, on 2,030m² of land in close proximity to Homai railway station. Each building is on its own separate title, creating an affordable investment opportunity. The buildings are leased to Maranga Fanau Charitable Trust, a substantial private entity that works closely with the government through the Ministry of Social Development and other agencies. The organisation provides a range of essential services, including social housing, school mentoring, and elderly support. The lease is for 12 years at $312,000 per building. This is a fully net lease with outgoings payable by the lessee, other than rates and management fees, providing a net return of $269,000 per building. This property offers hassle free income in a high demand market segment with a high yield. KEY FEATURES: • 12-year lease to Charitable Trust • $269,000 net rental per building • 15 one-bedroom units per building • Fully managed • High yield - 7.75% • Buy one or more buildings • Vendor finance available to approved purchasers up to 75% at 5% interest rate