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House

5 Woolfield Road Papatoetoe, Manukau City 2025

Sold on 27 May 2018
  • 5 Beds
  • 3 Baths
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House in Papatoetoe

INVEST - DEVELOP - RESTORE (5.75% RETURN)

  • 5 Beds
  • 3 Baths

RETURNING $56,000 PA
LOCATION, POTENTIAL AND CASH FLOW
THIS PROPERTY HAS 3 KEY INGREDIENTS TO SUCCESSFUL PROPERTY INVESTMENT.
This solid weatherboard bungalow is converted into 3 units - (2 x two-bedroom units and 1 x one-bedroom unit).

Currently rented at $1,080 per week ($56,000 PA) so showing a great gross return of 5.75% +.

With Papatoetoe town centre about 1km away and Middlemore Hospital about 1.5km away, this property is strategically positioned close to large infrastructure and transport. This established Papatoetoe residential area is ripe for redevelopment or smart property investment,

Total house area is about 150m. The land is a flat 925m2 rectangular shaped front site.

This great location is already under redevelopment - now is the time to invest!

Contact me now for a full information pack or property investment report

CONTACT:
Craig Warburton 021-938 848 or 0800 248 946
craig@citypropertyinvestment.co.nz

Property ID:

CTA31993

Building:

150m²

Parking:

5 off street parking spaces

Bedrooms:

5

Bathrooms:

3

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