Located within 7 recently completed, large-scale residential development schemes, the portfolio offers a mixture of 1, 2 and 3 bed terraced homes and walk-up apartments:
• Corban Park, Henderson, Auckland - 33 x 2-bedroom /2-bathroom terraced homes plus one car park each.
• Hillcrest Heights, Manurewa, Auckland - 14 x 2-bedroom /1-bathroom terraced homes, 12 of which include one car park each.
• Bader Drive, Mangere, Auckland - 3 x 3-bedroom/1-bathroom, 9 x 2-bedroom /1-bathroom terraced homes and 8 x 1-bedroom /1-bathroom walk-up apartments. 15 of the homes include a single car park.
• Coronation Rise, Mangere Bridge, Auckland - 10 x 3-bedroom/1.5-bathroom terraced homes with a single car park each.
• The Green, Glen Eden, Auckland - 4 x 3 bedroom/1.5 bathroom and 5 x 2-bedroom/1.5-bathroom terraced homes with a single car park each.
• Hinau Street, Tawa, Wellington - 11 x 2-bedroom/1-bathroom terraced homes with a single car park each.
• Ara Hereke, Waikanae, Kapiti Coast - 12 x 2-bedroom /1.5-bathroom terraced homes with a single car park each.
The opportunity provides investors with enormous flexibility on how to participate. The homes are available either as a single portfolio or as individual projects ranging in size from 9 homes in The Green in Glen Eden, Auckland up to 33 homes at Corban Park, Henderson, Auckland. The vendor is not inviting offers for either individual homes or part projects at this time.
Across the 109 homes, 86 are located in Auckland, 11 in Wellington and 12 in Waikanae and all are presented with vacant possession. Well-positioned in growth areas, close to transport links and amenities, the locations benefit from good rental demand and population growth. The portfolio offers immediate investment diversity across multiple locations including two of New Zealand's largest cities and offers excellent potential for low capital expenditure all new-build properties with various unexpired warranties combined with strong income and capital growth.
With all properties fully complete and ready for occupation, the portfolio offers private and corporate investors, community housing providers and other investor groups requiring immediate scale, the opportunity to either grow a strong long-term cashflow from rental and/or take advantage of the improving residential market conditions to sell-down the properties individually over time.
To explore this exciting investment opportunity further, contact us today!
To view the individual projects please go to the links below:
Henderson - https://www.bayleys.co.nz/listings/commercial/auckland/waitakere/-whati-lane-1698811
Manurewa - https://www.bayleys.co.nz/listings/commercial/auckland/manukau/-brough-road-1698808
Mangere - https://www.bayleys.co.nz/listings/commercial/auckland/manukau/-ara-kataraina-1698807
Mangere Bridge - https://www.bayleys.co.nz/listings/commercial/auckland/manukau/-tima-lane-1698810
Glen Eden - https://www.bayleys.co.nz/listings/commercial/auckland/waitakere/-don-oliver-lane-1698809
Waikanae - https://www.bayleys.co.nz/listings/commercial/wellington/kapiti-coast/-ara-hereke-1698806
Tawa - https://www.bayleys.co.nz/listings/commercial/wellington/wellington/--hinau-street-1698805
