The Offer =

There are 16 individual properties on offer:  All prices plus GST Address

              Selling Price         Lease back guarantees  

  8 Freehold fee simple titles: 59A Gray Avenue, Mangere East  $1,400,000      $80,000 p.a.

59B Gray Avenue, Mangere East $1,400,000      $80,000 p.a.

61A Gray Avenue, Mangere East  $1,400,000      $80,000 p.a.

61B Gray Avenue, Mangere East  $1,400,000      $80,000 p.a.  

41A Plunket Avenue, Papatoetoe $1,575,000    $90,000 p.a.

1B Plunket Avenue, Papatoetoe  $1,575,000    $90,000 p.a.

43A Plunket Avenue, Papatoetoe  $1,575,000    $90,000 p.a.

43B Plunket Avenue, Papatoetoe  $1,575,000    $90,000 p.a.  

8 Freehold unit titles: 

A/64A Rosella Road, Mangere East  $1,410,000    $80,000 p.a.

B/64B Rosella Road, Mangere East  $1,410,000  $80,000 p.a.

C/64C Rosella Road, Mangere East  $1,410,000  $80,000 p.a.

D/64D Rosella Road, Mangere East  $1,410,000  $80,000 p.a.

E/64E Rosella Road, Mangere East $1,240,000  $70,000 p.a.

F/64F Rosella Road, Mangere East  $1,240,000   $70,000 p.a.  

257A Puhinui Road, Papatoetoe  $1,400,000    $80,000 p.a.

257B Puhinui Road, Papatoetoe  $1,400,000    $80,000 p.a. 

The properties are architecturally designed fully furnished studio apartments, each comprising of 7-9 rooms each with private ensuite and kitchenette. 

Shared facilities in each dwelling include full kitchen and open plan dining area, as well as coin-operated laundry and secure car parking for residents.  

Pleasant landscaping makes for a clean, private and enjoyable stay for tenants and all amenities are provided for as listed in the chattels list. Chattels are part of the sales.  

The properties are monitored at all hours by CCTV cameras and have a full property management team on hand.  

All addresses have been strategically chosen to be close to key public transport and close to the main tenants base being Middlemore Hospital Staff and Airport flight crew.   

Lease Details • 6 years initial term with personal guarantees • 2 rights of 6 years renewals • Market rent review at renewal • CPI rent reviews at 2019 • Leased to Clarke Group Management Limited.

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