Exceptional Income Producing Asset With Expansive Landholding
- 24 Beds
- 12 Baths
- Updated: Today
About the Property
This is not your everyday investment property - this is a SERIOUS INCOME-PRODUCING ASSET sitting on a substantial parcel of land in one of South Auckland’s most established locations.
• 12 × TWO-BEDROOM UNITS
• Approx. $340,350 RENT COLLECTED PER YEAR
• Massive 2,240m² LANDHOLDING
BIG LAND. BIG INCOME. B
This is not your everyday investment property - this is a SERIOUS INCOME-PRODUCING ASSET sitting on a substantial parcel of land in one of South Auckland’s most established locations.
• 12 × TWO-BEDROOM UNITS
• Approx. $340,350 RENT COLLECTED PER YEAR
• Massive 2,240m² LANDHOLDING
BIG LAND. BIG INCOME. BIG OPPORTUNITY.
Whether you’re looking for strong cash flow today or a strategic land bank for tomorrow, this property offers a combination that is increasingly hard to find.
• twelve individual TWO-BEDROOM units
• Approx. $6,545 rental income per week
• Approx. $340,350 rental income per annum
• Significant 2,240m² landholding
• Multiple rental income streams
• Outstanding long-term land-bank opportunity
• Walking distance to Papatoetoe Train Station
• Short drive to Middlemore Hospital
• Right in the heart of Papatoetoe
ATTENTION SERIOUS PROPERTY INVESTORS!
Why settle for one rental when you can secure twelve income-producing units on one substantial Papatoetoe landholding?
BUY THE LAND. COLLECT THE RENT. HOLD FOR THE FUTURE.
Opportunities combining this level of income + this much land + this location don’t come to market every day.
Contact us today for full property information and viewing details.
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Barfoot & Thompson is Auckland’s leading real estate agency. With a 40% market share, they sell and manage m
Barfoot & Thompson is Auckland’s leading real estate agency. With a 40% market share, they sell and manage more property than anyone else. After more than 100 years, Barfoot & Thompson is still a proudly family-owned and managed company. The current Directors - Peter Thompson, Stephen Barfoot and Henry Barfoot - are the grandsons of the original owners. Barfoot & Thompson offers a range of services across residential, commercial, and rural sales in their 80 branches, as well as body corporate management and projects. The company also has a property management division with dedicated property managers across more than 70 branches and a portfolio of more than 20,000 rental properties. Barfoot & Thompson is recognised nationally and internationally for their excellence and results within the real estate industry. Barfoot & Thompson is committed to being the agency of choice in Auckland, Northland and Bay of Plenty, New Zealand.
International Property Awards
• Best International Real Estate Agency [hidden information]
• Best Agency Over 20 Offices Asia Pacific [hidden information]
• Best International Lettings Agency [hidden information]
• Best Lettings Agency Asia Pacific [hidden information]
• Best International Real Estate Agency Marketing 2020, 2025
• Best Real Estate Agency Marketing Asia Pacific [hidden information]
• Real Estate Institute of New Zealand Awards: 2015 - 2025 REINZ Agency of the Year
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