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17 Putney Way Auckland, Auckland

MCentral Apartments - Fantastic Investment Proposition

17 Putney Way, Manukau, Auckland 2104

This is a fantastic investment proposition. It has quality written all over it:

Quality location
Quality developer
Quality tenants
Quality rental
Quality return

If you are looking for a solid, positive cash flow, managed investment, with capital growth upside this is just made for you. But you are going to have to be quick - there is little choice left.

What's on offer:

Freehold unit title – 2 bedroom 42/45m2 fully furnished units, designed for students. Part of a residential/retail complex comprising 114 residential units in total.

Low entry cost: available apartments priced from $300,000

Rental assessment up to $450 per week (furnished)

Outstanding location for purpose – within 60m of new campus and massive target tenant market with negligible competition

Exceptional rental demand (including Summer school limiting seasonal vacancy) will drive yields and capital value growth

This is tailor made for an investor strategy that is looking for positive cash-flow, with capital growth

This is a rising market so the timing is perfect!

Innovative multi-award winning Leuschke Group design

Experienced and proven developer Pacific Equities

Growth Drivers:

Manukau Institute of Technology (MIT) launches a new state-of-the-art campus in early 2014 ($100m), placing 5,000 students and staff in the heart of Manukau, New Zealand’s fastest growing city.

Exceptional rental demand for these units (including Summer School which limits seasonal vacancies) should drive yields and capital value growth up.

Manukau is experiencing rapid growth, increasing employment and strong infrastructure investment – Manukau rail link and station ($50m), Manukau section of the SW20 Western Orbital ($230m), Manukau Park and Ride ($24m).

1.2 million people per year using the proposed Transport Hub*

600,000 passengers per year using the Train Station

5,000 students growing to 25,000 attending Manukau Institute of Technology**

Prime location enhances long-term desirability.

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Asking price: By Negotiation

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