In a market where high yields are scarce and capital growth is no longer a given, many investors are left waiting and hoping. For the strategic buyer, however, this environment creates rare opportunities to acquire assets with genuine, controllable upside.
Market Reality Check
Even taking a conservative view, recent data indicates that 2-bedroom rental stock in Birkdale and the wider North Shore is commanding prices in the $600,000 - $700,000 range per unit depending on condition.
In Comparison:
Retail Value (Individual Sales): If sold separately to individual buyers, 3 units @ ~$650k each = ~$1.95M.
Current Asking Price (3 unit Block): $1.640M.
Price Per Door: At $1.640M, a buyer is effectively paying $546,666 per unit.
Consider the cash income of being fully tenanted at close to $82,000 per annum - An astute investor won't miss this one.
The Investment thesis is simple and powerful:
Acquire a significant holding income from the three large, two-bedroom units. Then, execute the straightforward conversion to three-bedroom layouts.
This freehold block of flats is precisely that opportunity. It is not just a property; it is an undervalued platform engineered for active returns.
You have control; You are not waiting for the market; you are dictating your own capital growth.
Increased performance: You create a high-yield, positive cash-flowing asset that outperforms standard residential investments.
Please be aware that this information has been sourced from external sources and/or third parties. View our disclaimer here: jameslaw.co.nz/disclaimer
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