South Alk House & Land, $50K Below Reg Val, 9% Return.

South Alk House & Land, $50K Below Reg Val, 9% Return.

House Sold - Otara Manakau

15% Discount Below Registered Value. Fully Renovated

Large 4 Bedroom House with 2 bathrooms & 2 lounges on Large Freehold Land.

9% Gross Return.

Price $280,000.00

Registered Value $330,000.00

Leonard Place,

Otara,

Manukau City

South Auckland

Rates: $1,295.15p/a

4 bedrooms, 2 bathrooms, Separate Laundry and 2 toilets

Property type: House & Land

Floor area: House 120m2

Land area: 711m2

Built in 1970’s,

Weatherboard with Tile Roof

Freehold. Road Front, Own Private Drive Way.

Rent Appraisal $470-$500p/w 9% Return. At the time of this email there is/was a tenancy application at $485p/w

Parking: Lots of off Street Parking And plenty of room to build a garage.

In the area: Close to main shopping centres, Handy to schools, parks and motorways. Otara is the closest Manukau (South Auckland) suburb to Auckland City, only about 15-20 minutes to the City. 5 minutes drive or 2 minutes walk to MIT (Manukau Institute of Technology) The biggest tertiary education facility in South Auckland.