Boarding House - Unfinished project - 9% yield

Sat on 1290m2 and opposite seaside park and close to the Tamaki estuary waterway, this outstanding opportunity is screaming BUY ME!

RC, BC and EPA have been issued for a substantial 2 story 16 bedroom 16 bathroom 2 kitchen/living boarding house. The foundations have already been laid and signed off by Council and the steel framing is up!

Also situated on the site is a sizable 6 bedroom 2 living room property affording you some healthy cash flow whilst you complete the project.

Offering an expected completed yield of over 9% I challenge you to find such a fantastic return in Real Estate in Central Auckland.

Tailored towards the executive end of the market or an ideal Air BnB or suiting various forms of Housing Associations.

Situated in the desirable Otahuhu peninsula with easy access to SH1 North and South and main arterials routes East and West. All the entertainment and shopping at Sylvia Park is one junction away along with Highbrooke business park and Otahuhu township with the multitude of restaurants, bus and rail is close by.

Viewings are strictly by appointment so call or email to request a site visit or for the full information pack with cash flow forecast.

Often sought and seldom found, a supreme opportunity to not only realise the capital gain whilst completing the project, but also an exceptional long-term investment opportunity.