-Striking four level apartment complex providing quality accommodation
-55 Stratum in freehold Unit titles currently rented, with future sell-down options
-Professional residential property management company with onsite manager
-Strong income earner returning current weekly passing income of circa $35,000
-Fourth Avenue city fringe location close to all city amenities and major arterial routes
Constructed in 2022, Camden Apartments comprises a four-level residential development containing 55 two-bedroom, one bathroom apartments with each having a single allocated basement carpark.
The stratum in freehold tenure provides future sale options of the 55-unit titles which have a Body Corporate structure in place for this purpose. The Body Corporate currently operates as a single entity given the present ownership structure of the total property.
Positioned in the highly sought after and desirable Tauranga suburb known as “The Avenues”, this Fourth Avenue site is a very central location being within walking distance to the city centre and waterfront precincts.
Overall, this fully managed residential apartment complex offers a prime and passive investment that includes substantial weekly cash flow and significant potential for future rental upside and capital growth.
Residential assets of this size and scale are rare in the Tauranga market and this must appeal to investor entities who recognise the best buying is in near-new developments and as such here is a compelling investment opportunity not to be missed.
