'Ayr House' - Cash Cow In Te Atatu South!

**SET SALE DATE: 10 March 2015 (unless sold prior)**

Ayr House is a fully compliant Boarding House - with an up to date Building Warrant of Fitness, Code of Compliance and Fire Regulations.
This boarding house bonanza is currently in 16 big semi furnished rooms and has a fully functional kitchen next to a huge separate lounge. There is massive potential here to create a stunningly big double digit yield, unheard of in today's buoyant property market.

Furthermore, the section is a flat 1457m2 on a corner site offering two road frontages with a big double garage in one corner, so there may well be a future use of the land here too. Central to the section is a character two storey homestead, originally built by the Roberts family and home to Auckland's first lemon farm! Since the early 1960's Ayr House has been run as a Boarding House and the owner who has now 'retired', employed the current live in manager in 1984!

Located just 10 minutes from Westfield Mall and with local shops at the top of the street, the rooms will always rent at $170 per room per week. It needs TLC but the next investor with a little renovation will reap in the rewards, so will you be the next astute owner?
Call Now as this Property will be SOLD!

**SET SALE DATE: 10 March 2015 (unless sold prior)**

Final Viewing: Sat 7 March 2015 at 11am.

Current Room Rate: $170 per week
C.V. $890,000