Papakura
40 East Street, Papakura, Papakura
+9
High-yield Investment - Strong Rental Return
An outstanding opportunity to secure a quality residential investment comprising 11 modern apartments within the sought-after Casa Bella Apartment Complex. Positioned in the centre of Papakura's growing urban precinct, this well-presented portfolio offers investors immediate income, strong tenant appeal, and long-term growth potential.
Generating an approximate gross annual rental income of $317,000, this is a rare chance to acquire a multi-unit investment in one of South Auckland's rapidly developing locations.
Investment Highlights
- 11 modern residential apartments
- Two-bedroom layout
- Combination of apartments with secure allocated car parks and apartments without parking
- Approximate annual rental income of $317,000
- Near-new construction with the balance of the 10-Year Stamford Warranty
- Low-maintenance, professionally designed apartment complex
- Strong occupancy appeal with excellent rental demand
- Ideal passive investment with diversified income across multiple tenancies
Located on East Street, Casa Bella places residents within easy walking distance of everything Papakura has to offer. Cafés, supermarkets, retail shopping, restaurants, medical facilities, and public transport are all just moments away, making these apartments highly attractive to professionals, couples, and small families alike.
With train and bus services nearby, many residents enjoy the convenience of city living without relying on a vehicle, while selected apartments benefit from secure on-site parking.
A Smart Addition to Any Investment Portfolio:
Whether you're looking to expand an existing portfolio or secure a high-performing residential asset, this offering provides multiple income streams, modern construction, and excellent long-term investment fundamentals in a location experiencing continued growth and regeneration.
Investment opportunities of this scale, quality, and income level are seldom available.
Call today for the full information memorandum, tenancy schedule, rental breakdown, and to arrange your private inspection.
To be sold via Tender (unless sold prior), 3pm Wednesday 26 August 2026
292 Great South Road, Takanini.
Ishan Sikka
Bayleys Real Estate Ltd, Takanini,
Licensed under the REA Act 2008
Features
Position
Within walking distance of Papakura town centre and the train station. Its central location makes it handy with access to shops, public transport, and motorway connections.
Investment
Approximate annual rental income of $317,000, strong occupancy and diversified income across multiple tenancies.
Construction
Near-new construction with the balance of the 10-Year Stamford Warranty, offering peace of mind and reduced maintenance for investors.
Floor area
Total of 11 well-appointed 58sqm (more or less) two-bedroom apartments designed for contemporary living.
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