Listing Description
20 x Modern One-Bedroom Apartments -Fully Tenanted
1-20/129 St George Street , Papatoetoe, Manukau City, Auckland
To be sold by deadline sale (by 13 Nov)
Details
| Attribute | Value |
|---|---|
| Property type | Apartment |
| Capital value (CV) | $10,000,000 |
| In the area | There are schools, shops, restaurants, and public transport, all within walking distance. |
| Parking | 4 off street common parking to service the complex |
| Broadband in the area |
Description
For sale: a rare opportunity to secure a block of 20 one-bedroom apartments in Papatoetoe, Auckland. Built in 2022 with concrete mid floors and block intertenancy walls, these units are modern, low-maintenance, and designed for long-term durability.
Currently at 100% occupancy, the complex services a high-demand rental segment, generating $540,000 annual rental income with strong growth potential. Apartments come with appliances included, reducing wear-and-tear and simplifying tenant changeovers.
Flexible purchase options – Vendor is open to selling:
Entire complex (20 units) Front block (4 units) Rear block (16 units) Or individually (all units are unit-titled)
Pricing: FRONT BLOCK 2x First-floor (55sqm + deck) 2x Ground-floor (54sqm + patio/yard)
REAR BLOCK 8x Rear Ground-floor (51sqm + patio/yard) 8x Rear First-floor (51sqm + deck)
Key Features: 100% OCCUPANCY SINCE BUILT– $540k rent roll Strong rental growth outlook Appliances included Built 2022 – concrete/block construction Flexible purchase options
This is an exceptional chance to secure modern, income-producing units in Auckland’s emerging Build-to-Rent market. Perfect as a portfolio addition or individual investment.
Open home times
Property Files
Discover more about this property.
Request the files from Sean.