Description
Here is your opportunity to secure a dual-income property on a corner site in Nawton, Hamilton and generate immediate INCOME.
Situated on a 622m² corner section, this property consists of two dwellings on one title, both fully tenanted and returning a combined $1,020 per week ($53,040 per annum), representing a strong 6.7% potential GY on purchase price.
The back dwelling is a 3-bedroom, 1-bathroom home with a garage and off-street parking, currently rented at $560 per week.
The front dwelling is a 2-bedroom, 1-bathroom home with its own carpark and outdoor space, currently rented at $460 per week.
Both properties are tenanted, providing income from day one and reducing vacancy risk with two separate tenancies.
Highlights include:
Two dwellings on one title
Combined rent of $1,020 per week - appraised at $1,100pw
Large 622m² corner site
3 bedroom + 2 bedroom configuration
Garage + off-street parking
Fully tenanted
Split risk with dual income streams
Located in Nawton, a well-established Hamilton suburb with strong rental demand, close to schools, parks, shops and a short drive to Hamilton CBD.
At the asking price of $855,000, this property provides a solid return with immediate cashflow and future potential on a corner site (subject to council consent).