Investment success available for you!!

Description

Investment property with an edge. This property offers 4 x 2 bedroom units on a good-sized section and with a lockable garage for each unit. They are north-facing, hassle-free and rented to tenants who look out for each other, creating a safe living environment.

All units have been confirmed as being Healthy Homes Compliant, assessed by an independent third party. Reports are available upon request.

Each unit has a heat pump, a combined dining/lounge, a separate kitchen and a combined bathroom/toilet. There is insulation fitted above the ceilings and underfloor to keep winter chills away.

Living at the property is a joy for the tenants, all wish to stay on for the new owner. The property manager has reported that all tenants are very good at paying rent when it is due, looking after the units and also looking out for each other.

The section is tidy and in an easy-to-maintain state.

If the new owner wanted to add value there is potential by water-blasting and spray painting the roof. Other minor cosmetic improvements could be made, however, they are very good as they are right now.

Another potential value-adding avenue is the potential to subdivide, subject to council consent.

Potential gross yield of 6.47% without having to do anything.

This property is fantastic for cash flow and long term wealth creation.

PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status: All rented. Current rents are:
    135A $250 pw
    135B $220 pw
    135C $250 pw
    135D $250 pw
  • Rental appraisal:Written appraisal stating that all units have rent potential of $280 pw (Written rental appraisal available to potential purchasers)
  • Floor area: 380m2
  • Land area: 895m2
  • Bedrooms: 8
  • Bathrooms: 4
  • Car parking: 4
  • Rates: District $7651, Regional $229, Total= $7880
AMENITIES

100m to Intermediate School, 250m to High School, 350m to Primary School, 350m to Hospital & Medical centre as well as to daycare.

LOCATION
  • $899,000
  • Gross yield: 6.47% potential GY
  • Rental appraisal: Written appraisal stating that all units have rent potential of $280 pw (Written rental appraisal available to potential purchasers)
  • Annual rates: District $7651, Regional $229, Total= $7880
REPLY TO THE LISTING
First Name
Last Name
E-mail Address
Phone Number
How can we help you?
ABOUT THE AGENT

Wayne Dickson

Licensed Salesperson
REAA 2008