118 Browns Road, Manurewa East, Manukau City, Auckland

Calling sophisticated investors! With a brand-new lease signed, on offer is a hassle-free investment with guaranteed government-backed tenants for 12-years!

This complex is made up of 5 individual freehold standalone buildings, each with 15 studio rooms with guaranteed net income of 7.4% per annum (after deduction of rates and management fees).

The vendor is providing finance! If you have 25% deposit, the vendor will charge you 5% interest rate (interest-only) for up to 3 years*, providing you with instant cash-flow!

Investment Highlights

• 5 Individual Freehold Titles - Each with its own standalone building, on a separate freehold title, and individually leased on long-term contracts
• 12-Year Leases with Rights of Renewal - Secure, long-term tenancies
• Net Yield of 7.4% - After deduction of rates and management fees
• Net Rental per Building $267,875 + GST P.A.
• Fully Managed - Common areas overseen by Browns Road Management Ltd (no body corporate required)
• Net Lease Structure - Tenants cover insurance and compliance obligations
• Completed in July 2023
• The Lessee, Maranga Fanau, is a Charitable Trust. The Trust's tenants are provided with the backing of the New Zealand Government.

Strategic Location Benefits

• Positioned in the heart of Manurewa, this property offers tenants direct access to critical infrastructure and lifestyle amenities:
• Adjacent to Homai Railway Station - Seamless access to Auckland's Southern Line
• On Major Bus and Arterial Routes - Enhanced mobility for residents
• Hundreds of Public Carparks - Directly opposite the site
• Walking Distance to Countdown Supermarket & Laundry Services
• Close to Major Employers and Local Services

Enquire now for a full information pack, lease schedule, and financials.

Call Don Ha Projects Now! Don Ha: 021 968 309 Ketan Patel: 021 262 8041

*Terms and conditions apply.