


Listing Description
Low Risk. Low Effort. High Return.
19 Woodside Avenue, Northcote, North Shore City, Auckland
Price by negotiation
Details
Attribute | Value |
---|---|
Property type | House |
Capital value (CV) | $1,950,000 |
Parking | 2 garage spaces |
Broadband in the area |
Description
10 BEDROOMS + 6 BATHROOMS + 2 STUDIES + 2 LARGE KITCHENS + 2 LARGE LOUNGE AREAS.
This is not your average multi-bedroom investment. What truly sets this accommodation hub apart is the quality of the tenants community. With lease terms ranging from 9 months to 6 years, this property enjoys stable, long-term occupancy - a reflection of both the appeal of the accommodation and the simplicity of its all-inclusive lease structure.
Low Risk: With income spread across 10 separate tenancy agreements, this investment offers a diversified and secure revenue stream -significantly reducing the risk associated with vacancies or tenant turnover.
Low Effort: From tenant selection and advertising to cleaning, maintenance, and everything in between, a professional property manager handles all day-to-day operations. All that's left for you is to check the bank balance and cover the expenses.
High Return: The most recent financial year delivered a 7.5% gross yield and a 4.75% return on capital value - solid figures with clear room for improvement. With untapped potential to add internal value, there's a real opportunity to further enhance performance.
This is a smart, straightforward investment with strong fundamentals and upside potential - ideal for the savvy investor seeking steady income without the headaches. Whether you're a seasoned investor or just looking for a safe place to park your cash, this one is a no-brainer.
Opportunities like this don't last. Enquire today.
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