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2 x 4 bedroom houses built as one dwelling, with pleasant sea views. Thats the good part. Both in need of extensive remodelling. Leasehold land, but potentailly able to freeholded. Brilliant development site of 1214sq.m! Options abound. At this price a simple make over could give you enough rental income to easily cover the ground lease of $33k.pa. Call Robert Turnbull 09 308 5513 or 021 2416 222
Agent: Robert Turnbull

Always in demand!

2x2 bed Brick and tile units on a single title just off Kirkbride Rd. Exterior needs some attention. The front unit has been renovated with new kitchen/bathroom/paint etc. Rear unit still needs doing. Rents are $300/wk for the rear and $310/wk for the front improved unit. Rents include water & lawns. A few weekends on the end of a sander and paint brush is what this block needs. With 16,000 people a day working in and around the Airport just a 9 minute drive away you'll never be short of tenants. Well worth considering! Ph Robert Turnbull 09 308 5513 or 021 2416 222
Agent: Robert Turnbull

Cashflow and land!

This property has the 2 ingredients I am most commonly asked for, cashflow and development potential. Currently an 8 bedroom Boarding House. The property started life as a Bungalow and has since been added onto. Generally well presented, with rooms rented at an average $170/wk each. 2x kitchens and 2x bathrooms, Building size 174sq.m, with large 1012sq.m site. Potential to add another dwelling to the rear. There is currently a Resourse Consent in place that expires December 2012 to add a second dwelling. With some fresh input this property should return a healthy yield. Priced realistically to be sold! Phone Robert Turnbull 09 308 5513 or 021 2416 222
Agent: Robert Turnbull

Shops & Commercial. 8.5% Plus, NET

In the heart of Royal Oak shopping district, Manukau Rd. 1 x Drycleaners, 1 x Locksmith/Print supplies, 2 x Restaurants, 3 x Office, 1 x Workshop, 6 x Car spaces, Total current rent roll, $84,173 p.a Net after expenses. (This is with one of the small offices just vacated) Landlord has held back on any rent increases across the board for the the last 2 rent reviews. Property is on private leasehold land. Full details available. Prime strategic holding. Vendor retiring. Call Robert Turnbull 09 308 5513 or 021 2416 222
Agent: Robert Turnbull

Block of 6 with new HNZL lease

6x2 bedroom units. Excellent location in Mt Albert and the units have been totally refurbished including new kitchens and bathrooms. The block has been leased to HNZL for 5 years with a right of renewal for a further 5 years. Initial rental is $340 per week per unit. HNZL takes a 10% management fee and the rental is paid monthly in arrears. It is guaranteed even if a unit is empty. There is a recent registered valuation available to support the asking price of this sound, secure, freehold investment.Call:RobertTurnbull 021 2416 222
Agent: Chas Wilson