Investment opportunity.

By Negotiation

10 Central Avenue, Avenues, Whangarei, New Zealand

Residential for sale in Whangarei, 10 Central Avenue, Avenues, 622 m²

10 Central Avenue, Avenues, Whangarei, New Zealand

By Negotiation

20Bed
10Bath
622
Type: Residential

Description

A rare opportunity to secure a high-quality, fully managed residential investment in the heart of Whangārei - the thriving gateway to Northland. Positioned on sought-after Central Avenue, just minutes from the CBD, this offering presents a block of 10 well-maintained two-bedroom units in excellent condition, delivering strong income with minimal hands-on involvement. Investment Highlights: - Block of 10 x 2-bedroom units - Fully furnished with a comprehensive chattels list - All units include dishwashers & washing machines - Secure, gated complex - Healthy Homes compliant - Professionally maintained and presented in excellent condition Lessee pays all outgoings, including: - Repairs & maintenance - Rates - Insurance Secure Long-Term Lease - Currently leased with 1 year remaining on a 10-year lease Strong, established tenancy. Passive income with minimal landlord responsibility. Ideal for investors seeking stable returns. Flexible Purchase Options 10 Central Ave and 12 Central Ave available - Purchase individually or together Can easily be combined to form one larger complex Scale your investment to suit your strategy Location Advantage - Why Whangārei? Whangārei is a fast-growing regional hub and the commercial heart of Northland. With strong rental demand, a growing population, and its position as the gateway to some of New Zealand's most desirable coastal destinations, it continues to attract residents and investors alike. Central Avenue offers: - Easy CBD access - Close proximity to shops, services & transport - Consistently strong tenant appeal - Future-Proofed Investment With high rental demand in Whangārei and quality two-bedroom units always sought after, this complex offers excellent re-letting potential once the current lease concludes. Whether retained under lease or transitioned to individual rentals, the options are flexible. The vendors are heading into retirement and are offering this premium asset to the market - creating a genuine opportunity to secure a turnkey investment in a tightly held location. Viewings by appointment only.

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