2-4/213 Penrose Road, Mount Wellington, Auckland City, Auckland

Located in the vibrant heart of Mt Wellington, these outstanding investment properties offer an incredible opportunity to secure not just one but three well-maintained brick & tile units on a spacious 1049 m2 (more or less) section, zoned Mixed Housing Urban. With each two-bedroom unit holding a 1/3 share on separate freehold cross lease titles and featuring independent water and electricity meters, this is a versatile, low-maintenance investment with strong rental appeal.

With two of the three units currently tenanted with long-term occupants, these properties are a proven income generator. Unit 1 (newly vacant) has been recently renovated, offering a glimpse of the untapped potential to further enhance the remaining units and increase rental returns even further.

Each unit offers a spacious layout with open-plan living and dining, which provides a light and inviting atmosphere. The two bedrooms provide comfortable accommodation, complemented by a tidy bathroom and a practical layout designed for easy living. Additionally, each unit has its own covered carport, extra locked storage room, and outdoor entertainment spaces adding to the convenience and appeal for residents.

Situated in a highly desirable Mt Wellington location, this property is just a short stroll from the bustling Sylvia Park Shopping Centre & Panmure Shopping Centre, offering shops, supermarkets, cafes, restaurants, and essential services. Excellent transport options are nearby, including the train station, major bus routes, and easy motorway access, making commuting a breeze.

With growing demand for quality rental properties in this sought-after suburb, opportunities like this, with 3 freehold cross lease titles, are few and far between. Contact us today to arrange a viewing and secure this exceptional investment before it’s gone!