Your entire investment portfolio in one purchase
Here is your chance to secure an entire investment portfolio in one single purchase. 9 and 9a Frank Street is a solidly built 1970s two story townhouse investment close to the CBD consisting of three independent units over two cross-lease titles spanning 1,257sqm (approx) of flat, easy-access land with potential for MORE. 9 and 9a Frank Street offers three flats, 406sqm floor area (more or less) currently returning a total of $1,705 per week, $88,660 per annum, ample off street car parking and development potential (subject to council consent).
Current rental income:
9 Frank Street- 5 bedrooms $700pw
9a Frank Street- 3 bedrooms $610pw
9a Frank Street- 1 bedroom $395pw
Every unit has been comprehensively renovated:
•New kitchen
•New bathrooms
•New flooring
•Updated electrics
•LED lighting throughout
•Healthy Homes compliant across the board.
This is a popular area, close to the city centre, making it an appealing addition to your rental portfolio. Council file, LIM and rental appraisal available upon request. Step into a fully tenanted investment from settlement day and let the income do the talking or take vacant possession and shape it to your own strategy.
The ground floor of 9 Frank Street has approximately 100sqm of secure, lockable space, garage, carport, CCTV, currently presenting as storage, but there is also potential to rent this space as storage.
Call today for more information or to arrange a private viewing.
Property ID:
ERT21774
Legal Description:
Firstly an estate in fee simple as to an undivided 1/2 share in all that parcel of land containing 1257 square metres (more or less) being Lot 16 on Deposited Plan 868 and Secondly an estate in Leasehold under Lease number H061053.2 and H061053.3 being Flat 1 and Flat 2 on Deposited Plan S 21239. Both the first and second estates being comprised and described in Certificate of Title SA19C/407 and SA19C/408 (South Auckland Registry).
Year Built*:
1970's
Roof:
Concrete Tile
Joinery:
Aluminium
House Area*:
406 square metres (approx)
Bedrooms:
9
Garaging:
Double
Chattels:
Fixed Floor Coverings, Light Fittings, Window Coverings, Dishwasher, Heat Pump, Stove - Freestanding Electric, Hob, Oven - Underbench, Rangehood
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.
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