{1}
##LOC[OK]##
{1}
##LOC[OK]##
##LOC[Cancel]##
{1}
##LOC[OK]##
##LOC[Cancel]##
Buy
Residential
New Builds
Luxury Properties
Open Homes
Upcoming Auctions
Property Finder
REA Guide
Rent
Sell
Get an Appraisal
Find an Agent
Why REMAX
Guide to Selling
REA Guide
Projects
Commercial
For Sale
For Lease
Find an Agent
Business For Sale
Events
REMAX NZ
Corporate Team
Our Partners
Digital Magazine
News
Sign Up for Newsletter
Consumer Information
Offices
Find an Office
Find an Agent
Careers
Franchise
Contact
Video
RECENTLY LISTED
21 Images
Video
+
17
118 Browns Road, Manurewa
15
15
100
473
$271K NET INCOME P.A. | 7.15% NET RETURN
$271K NET INCOME P.A. | 7.15% NET RETURN
Investment Highlights:
$271,000.00 + GST p.a. NET income per building.
5 Individual Freehold Titles - Each with its own standalone building
Net Yield of 7.15% - After deduction of rates and management fees
Fully Managed - Common areas overseen by Browns Road Management Ltd (no body corporate required)
12-Year Leases with Rights of Renewal - Secure, long-term tenancies
Net Lease Structure - Tenants cover insurance and compliance obligations
Leases with Landlord Personal Guarantee Included
This is your golden moment to secure a purpose-built social housing asset. Completed in July 2023, 118 Browns Road comprises five standalone buildings, each held on a separate freehold title, and individually leased on long-term contracts. This investment has been meticulously designed and structured to deliver stable, hands-free returns and long-term value. Strategic Location:
Adjacent to Homai Railway Station - Seamless access to Auckland's Southern Line
On Major Bus and Arterial Routes - Enhanced mobility for residents
Hundreds of Public Carparks - Directly opposite the site
Walking Distance to Countdown Supermarket & Laundry Services
Close to Major Employers and Local Services
Interested? Get in touch with the Don Ha Projects Team today. Ketan Patel 021 262 8041
ketan.patel@remax.co.nz
Don Ha 021 968 309
don.ha@remax.co.nz
Show more
Address
118 Browns Road, Manurewa
Price
Price by Negotiation
Type
House
Bedrooms
15 Bedrooms
Bathroom
15 Bathrooms
Land area
473
sqm
approx.
Floor area
100
sqm
approx.
Listing ID
L36049025
Office
REMAX Revolution
Price
Price by Negotiation
Ask a Question
Ketan Patel
Sales Associate
m.
021 262 8041
b.
09 261 2555
ketan.patel@remax.co.nz
Licensed under the REAA 2008
Don Ha
Director
m.
021 968 309
b.
09 261 2555
don.ha@remax.co.nz
Licensed under the Real Estate Agents Act 2008
REMAX Revolution
611 Great South Road
Manukau City
Auckland, 2104
b.
09 261 2555
f.
09 261 2556
www.remaxrevolution.co.nz
salesrevolution@remax.co.nz
Share
Email a Friend
Copy link to clipboard
Share with Facebook
Share with X
Share with LinkedIn
Similar Listings
Manurewa
Price By Negotiation
Manurewa
Price by Negotiation
Manurewa
Price by Negotiation
Manurewa
Price by Negotiation
Manurewa
$739,000
Manurewa
Price by Negotiation
Confidentiality Agreement
No Message
I want to know more about this property.
Please contact me by phone or email
Phone
Email
Please enter a valid email address
Please contact me by
with more information about this property that I have seen on remax.co.nz
Listing
Send
No Message
OK
Processing...
Ask Ketan Patel
Email a friend
118 Browns Road, Manurewa
Request a Viewing
Hi Ketan Patel I would like to Ask a Question about this property
Please confirm you are not a robot by completing the Captcha.
Submit
Download the selected files
Submit
Get an Appraisal
Find an Agent
Join REMAX
Apple
Google (online)
Outlook