Fabulous seamless gilt edged investment with subdivision potential. If you have been waiting for the near perfect residential investment that has been purpose built, with potential upside options, then investigate this superb opportunity. First time offered for sale in 8 years, this is a genuine sale.

Located in the ever popular suburb of Ellerslie, the property compromises of 5 excellent 2 bedroom units. Each unit is complimented with separate carport, lock up storeroom and off street parking, all nestled on 1126 m2 freehold park like grounds. Construction, solid brick and tile - longevity and security is the outcome here.

With a recent independent rental appraisal of $365.00 per week per unit suggests the rent roll could easily be $94,900 per annum which equates to a whopping 4.87% gross yield on the asking price in Ellerslie.

The property has instant appeal and is surrounded by quality real estate. It offers its occupiers relaxed environment and close proximity to Auckland's motorway systems.

Demand from prospective tenants is very high, which is demonstrated by the high occupancy rate, with long term tenancies being the norm, thus creating a hassle - free appealing investment. Promptly contact the listing agent, Greig Kirby to arrange a private viewing.