118 Grafton Road is a fully leased stand-alone two level villa with an on-site management office on 947m² of freehold land. The front of the villa is run as a boarding house and the rear is predominately residential flats with a total return of $124,540 (approx) including GST per annum.

Easy walking distance to Auckland Hospital and the University of Auckland's Grafton campus via the Grafton Bridge. There's a strong demand for accommodation in the area as rooms are rarely vacant.

Fixed Asking Price: $3,500,000 including GST

KEY FEATURES

Fully Leased Residential Investment


947m² of Freehold Land


Returning $124,540 per annum including GST


Close proximity to Auckland University & Auckland Hospital


IEP: 70% NBS