A fully completed 35-unit residential complex is being offered for sale in one line with vacant possession, presenting a unique opportunity for investors, housing providers, build-to-rent operators, and owner-occupiers.
Located at 74 Te Puketoka Lane, Māngere, the complex, known as Mountain Vista Estate, includes 35 apartments and one manager’s unit.
Held on 36 individual unit titles, the asset can be acquired as a complete portfolio.
The individual unit titles provide future flexibility, including the ability to retain, lease, or sell units separately over time.
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Prospective purchasers ranging from private and institutional investors, build-to-rent operators, and accommodation providers through to community housing providers, iwi entities, and owner-occupiers are expected to show strong interest.
Completed to a high specification with reputable contractors engaged and full warranties in place, the brand-new development includes 36 secure basement car parks, along with a resident gymnasium.
The architecturally designed apartments feature quality chattels, including a full Bosch appliance package, complemented by double-glazed joinery throughout.
On-site amenities extend to a community centre within the wider estate, basement bicycle parking, and secure lift and stair access to all levels.
The property sits within a well-established residential catchment and benefits from excellent transport connectivity, with immediate access to the motorway network and nearby bus routes.
Located adjacent to State Highway 20, Auckland CBD can be reached in approximately 20 minutes, while Auckland Airport is just a 10-minute drive away under normal traffic conditions.
A wide range of local amenities are situated in Māngere Bridge Village, less than 2km away, offering retail, medical providers, and popular hospitality options.
Nearby, the Manukau Harbour foreshore and Māngere Bridge walkway provide direct access to the coastal pathway network.
Furthermore, the Tararata Creek reserve runs immediately alongside the estate’s northern boundary, offering a landscaped, creek-side outlook that sets the development apart from typical urban infill stock.
The apartment building is the final major component of the wider 2.65ha Mountain Vista Estate, a masterplanned community of more than 160 dwellings.
With the surrounding terrace homes already complete and occupied, the incoming owner acquires a finished building within an established community rather than an isolated construction site, materially de-risking the lease-up phase.
Colliers Brokers Ryan Gibb and Tim Bull have been exclusively appointed to market the property for sale via deadline private treaty closing at 4pm on Wednesday 22 July, unless sold prior.
Gibb, Investment Sales Broker at Colliers, says it is incredibly rare to find a fully completed residential complex of this scale in South Auckland.
“This turnkey asset is ready to occupy, meaning the new owner will have no completion or construction risks to consider.
"Once the units are leased, it will be an immediate income-generating asset capable of delivering a steady rental stream,” Gibb says.
“The configuration of the development means the apartments will be highly appealing to future tenants, while the secure parking and on-site gym provide excellent convenience.
"With quality appliances and a high level of workmanship, this offering sits a step above comparable stock.”
Bull, Auckland Director of Investment Sales at Colliers, says potential buyers could utilise the asset for a range of different purposes.
“An investor may acquire the development and seek to sell down the individual units later, or there is scope to position it as a build-to-rent facility given its proximity to Auckland Airport, which is just 10 minutes away,” Bull says.
“Community housing providers may view this as an opportunity to help meet a growing need for housing in a catchment well-equipped with services.
"They could also draw on government-backed income streams, such as the Income-Related Rent Subsidy, with the predominantly one-bedroom configuration perfectly suited to supported, transitional, and community housing mandates.”
- Supplied by Colliers
