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Harcourts Cooper & Co - Mairangi Bay, (Licensed: REAA 2008)
James Dixon James Dixon

19 Woodside Avenue, Northcote

Price by negotiation

Listing Description

Listed: Mon, 7 Apr

Low Risk. Low Effort. High Return.

19 Woodside Avenue, Northcote, North Shore City, Auckland

Price by negotiation

Details

  •   6+ Beds
  •   6+ Baths
  •   2 Living areas
  •   564m² Floor
  •   698m² Land
Other Features
  •   3 Ensuites
  •   6+ Separate toilets
  •   2 Studies
  •   2 Garage parking
  •   Home & Income potential
AttributeValue
Property type
House
Capital value (CV)
$1,950,000
Parking
2 garage spaces
Broadband in the areaFibre, Wireless

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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Property Files

James Dixon

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Harcourts Cooper & Co - Mairangi Bay, (Licensed: REAA 2008)
James Dixon

James Dixon

18 Reviews
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Agent's details

James Dixon

James Dixon

18 Reviews
Mark Fitzgerald

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Harcourts Cooper & Co - Mairangi Bay, (Licensed: REAA 2008)

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