5 Ferndale Road Mount Wellington, Auckland City

SET DATE OF SALE - 4pm Thursday 30 October.

Secure this rare multi-income property offering four fully self-contained one-bedroom units, each with solid rental returns, on a generous 1024sqm site in the heart of Mt Wellington. Ideal for investors seeking strong yield, landbankers eyeing future potential, or developers ready to unlock the next phase

* High-Yield Investment: A proven performer in the rental market, this property offers a fantastic rental income stream of $89k plus per annum. With its desirable features and prime location, it consistently attracts and retains high-quality tenants, making it a cornerstone of a solid investment portfolio.

* Exceptional Location: Situated in the heart of Mt. Wellington, this property offers unparalleled convenience. It's just moments away from Sylvia Park, a hub of shopping and entertainment, and provides easy access to major transport routes, schools, and essential amenities, making it a highly desirable spot for tenants.

* Built To Last: A testament to quality, this property boasts four spacious bedrooms and four bathrooms and is designed to be attractive to the market, ensuring peace of mind.

* Massive Parking Capacity: Say goodbye to parking woes! This property features a remarkable off-street parking area with space for up to eight vehicles, a rare and highly sought-after feature that adds significant value and appeal to potential renters.

* Big relatively flat section of 1024sqm giving plenty of room for future development potential.

* A New Chapter Awaits: After years of successful ownership, the current investor is ready to pass the torch for a well-deserved retirement. This is a unique opportunity to acquire a high-performing asset and continue its legacy of success.

* Four individual 1 bedroom units

Open homes every weekend from 11am to 11.30am.

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