An Enviable Investment Opportunity on Killarney


Welcome to Killarney Rise, Hamilton – A premium investment opportunity in Hamilton.

Step into a lucrative real estate investment with specifically designed townhouses suitable for either short term stays or longer term tenants.

Situated on Killarney Road in Hamilton. This unique, newly completed opportunity comprises eight townhouses, each boasting 2 bedrooms, 2 bathrooms and their own carpark, primed for high demand on Airbnb.

With estimated weekly rents ranging from $530-$560, these properties promise a sound return on your investment. To enhance your financial confidence in the current mortgage climate, the developer will provide a rental top-up of $200 per week for the first two years. Offering a gross yield of an impressive 5.66%, investing in Killarney Rise means securing excellent returns.

Short stay option - Why does this make sense for Hamilton?

There is an option to potentially secure a higher return running short term stays. With estimated nightly tariffs of $150-$190 per night or $745 pw, we've conservatively estimated the minimum return you should expect is 5.3% in the first 2 years, and 4.2% without the subsidy, with potential to achieve upwards of 7.1% in the first 2 years, and 6% without the subsidy.

Hamilton currently has a shortage of motel and hotel accommodation. We believe new, contemporary townhouses like Killarney work particularly well for short term stays for professionals, hospital staff and students. They will also cater for out of towners staying for a night or two for events held in the wider Waikato region.

These townhouses encapsulate modern aesthetics with functional design. Coupled with an automatic security gate, state-of-the-art CCTV, external lighting in public spaces, and Yale digital door locks with electronic keypads, the residences blend peace-of-mind with stylish living.

Situated in central Hamilton, Killarney Rise provides easy access to all local amenities. Each townhouse includes a dedicated carpark, adding an extra layer of convenience.

Priced at $689,000 per townhouse, and with only three left available, this premium investment opportunity is limited to a small number of buyers.

Please note that we've purposely been very conservative with our modelling. We expect that the right investor could extract a higher return. We're happy to discuss the returns our network is achieving in the short term market currently in Hamilton.

  • Bedrooms: 2
  • Bathrooms: 2
  • Car parking: 1
  • Floor area: 72m2
  • Land area: 
  • Estate type: Stratum in Freehold
  • Rental status: Vacant
  • Rental appraisal:$530-$560 p/week
    + $200 p/week
    rental supplement for two years. (Written rental appraisal available to potential purchasers)
  • Rates: $2,600
  • Body corporate fee: $1,803

Killarney Rise enjoys a convenient location at 164 Killarney Road where everything needed is right on the doorstep.

Killarney Road is just 3kms to the West of Hamilton City Centre and close to the Dinsdale Mall, which offers banks, supermarkets, post office, restaurants etc.

For people with young families, the Frankton Primary School is just a short walk away, as is Frankton

Kindergarten and a Kindercare.

Facilities located within a 10 minute drive include: 24hour gyms, supermarkets, cafes, YMCA, Anglesea Medical Centre, retail shops, Hamilton Medical District, playgrounds, tennis courts, schools, riverwalks

Killarney Rise is also on the Orbiter bus route, giving easy access to the CBD (in 7 minutes), and

to the Hospital (in 8 minutes), as well as The Base shopping centre (every 15 minutes) in Te

Rapa. Fares are $3.30 for any destination on the Orbiter Route, or $2.50 with a Busit card.

  • $689,000
  • Gross yield: 5.6% for first two years, dropping down to 4.1% thereafter
  • Rental appraisal: $530-$560 p/week + $200 p/week rental supplement for two years. (Written rental appraisal available to potential purchasers)
  • Annual rates: $2,600
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Ben Meehan

Licensed Salesperson
REAA 2008