169 Chapel Road, Flat Bush, Manukau City, Auckland

This is an exceptional opportunity to secure a brand-new, purpose-built residential apartment complex leased to a government-backed tenant in one of East Auckland’s most sought-after locations. Fully leased and returning $88,000 net per annum per unit, the complex provides a total net return of $866,660 per annum across the 10 units for sale.    Each apartment is individually unit-titled, making this a future-proofed low-maintenance asset. The lease is secured on a brand-new 10-year term (with 9 years remaining), the head tenant a company affiliated with Clark Property Management and the sub-lease to Emerge Aotearoa Limited – a reputable and established government backed organisation in the social housing sector.   Located in the heart of Flat Bush, the property enjoys close proximity to schools, shopping centres, public transport, and key arterial routes. Residential demand in this area remains consistently strong, making this a prime bottom-drawer investment with enduring appeal and stability.   Rarely do residential investments of this calibre—with such attractive returns and tenant covenant—come to market. Whether you’re looking for a passive income stream or a hands-off, long-term hold in a growth location, this asset delivers.   Deadline Private Treaty closing 4:00 pm, Wednesday 18th June 2025 (unless sold prior).   Contact us today for the full information pack and to arrange your private viewing.

Features:

• Brand new construction – low maintenance and future-proofed
• 10 individually titled units for sale – offering investment flexibility
• Total net return of $866,660 for all 10 units
• Fully leased on a new 10-year term (9 years remaining)
• Government backed tenant
• Consistent demand for residential accommodation – underpinned by strong rental need in this area

More information: https://www.colliers.co.nz/p-NZL67034291