Positioned just moments from the CBD in Whangārei, this substantial residential complex offers investors a rare combination of scale, security, and simplicity.

Comprising 10 well-appointed two-bedroom apartments, this is a proven, income-producing asset in a city widely regarded as the commercial heart and gateway to Northland.

A Truly Passive Investment

The property is leased on a long-term agreement with one year remaining of an established 10-year lease, delivering reliable returns with minimal involvement.

Importantly: The lessee pays all outgoings:
– Repairs & maintenance
– Rates
– Insurance

Quality Throughout – Each apartment is:
– Fully furnished
– Equipped with dishwasher & washing machine
– Presented in excellent condition
– Supported by a comprehensive chattels inventory

The gated complex provides added security and tenant appeal, helping protect long-term value.

Flexible Acquisition Options. Both 10 Central Avenue and 12 Central Avenue are available. Purchase individually or secure both for increased scale.

Easily combine into one larger holding.

This flexibility allows investors to tailor the acquisition to suit portfolio strategy and capital allocation.

Location That Works for You

Central Avenue is within easy reach of the CBD, amenities, and transport links – a consistently attractive position for tenants.

With Whangārei experiencing steady growth and ongoing demand for quality rental accommodation, the fundamentals remain strong for future leasing once the current agreement concludes.

Genuine Sale. 12 Central ave is the block on the left hand side.

With the vendors transitioning into retirement, this is a real opportunity to secure a premium, low-maintenance residential complex in a tightly held location.
Viewings are by appointment only.