19 Woodside Avenue

Northcote, Auckland

Price by Negotiation

Listing: L33443706


Low Risk. Low Effort. High Return.
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.

Bathroom Extractor Fan

true

Blinds

true

Cooktop

true

Dishwasher

true

Heat Pump

true

Heated Towel Rail

true

Rangehood

true

Smoke Detectors

true

Wall Oven

true

Waste Disposal Unit

true

Dining Rooms

2

Double Bedrooms

10

Living Rooms

2

Separate Laundry

true

Studies

2

Study

true

Gas

true

Gas Mains

true

Heat Pump

true

Modern

true

Combined Kitchen

true

Open Plan Dining

true

Separate Dining

true

Lounge/Dining Combined

true

Separate

true

Gas (retic)

true

Very Good

true

Masonry Block/Brick

true

Plaster System

true

Very Good

true

BBQ/Entertainment

true

Decking/Patio

true

Coloured Steel

true

Carpet

true

Tiles

true

Timber

true

Double

true

Internal Access

true

Fully Fenced

true

Northerly

true

Urban

true

Mains

true

Town

true

Street

true

Above Ground

true

Close to Schools

true

Close to Shops

true

Close to Transport

true

Gas in Street

true

Other Features

New stoves are electric + gas cooktops

Ensuite

true

Separate WCs

true

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698(more or less Land Area)

564(approx) Floor Area

Contact The Experts
James Dixon

Sales & Marketing Consultant

P

09 477 6467
Mark Fitzgerald

Sales & Marketing Consultant

Get In Touch
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