9%+ Potential Yield in Whanganui
- 60C Mosston Road, Castlecliff, Whanganui
- Estate type:
- Rental status: Currently (under) rented at $215p/w (8% GY)
- Rental appraisal:$230 - $250 p/w
Written Appraisal available to potential purchasers
- Floor area: 50m2
- Land area: 1/4 Share 1310m2
- Car parking:
- Rates: $1,915
Situated just a 7 minute drive from the central city, this seaside community has experienced a sharp increase in property activity driven by both first home buyers and investors to the area.
Castlecliff is serviced with a great café and central hub around Rangiora St and down to the beach that has been revitalised by the Progress Castlecliff committee. A new 34ha subdivision has been approved on the outskirts of Castlecliff but won’t be available for up to seven years.
In February 2018, Regional Economic Development Minister Shane Jones announced $6 million from government's Provincial Growth Fund would go towards the revitalisation of the Whanganui Port and an upgrade of the Whanganui rail line. Both are based in Castlecliff.
Further development of the Mosston Rd area is being completed with the sealing of Mill Rd accessing commercial sites. The Fitzherbert extension, due to be started this financial year, will provide additional easy access to the Castlecliff area. The medical centre on Mill Rd is just a few years old.