Centrally located newbuild townhouses in Whanganui - 4.9% return

Description

Resource consent is just a few weeks away and building consent has recently been approved to construct (2 x) 2 bedroom, 1 bathroom townhouses. This duplex is an infill development in the centrally located suburb of Gonville.

The rear sections are accessible by a shared Right of Way.

This development consists of 2 freehold titles. No body corporate or residents association applies.

The construction timeframe is expected to be 12 months.

  • Price $500,000 each (or $490,000 each if you buy both)
  • Healthy homes compliant
  • Fully fenced, low maintenance
  • 65m2 floor area
  • Rental appraisals for $460 - $480 per week
  • Open plan kitchen, living and dining
  • 1 x off-street car park each
  • Quality chattels and fit-out

These properties are a land and build package which means that you’d pay a 10% deposit and then settle the ‘land’ portion once titles are issued. The construction is by way of progress payments.

https://youtu.be/24Pn28ojheQ
PROPERTY DETAILS
  • Estate type: Freehold
  • Rental status:
  • Rental appraisal:$460-480 pw (Written rental appraisal available to potential purchasers)
  • Floor area: 65m2
  • Land area: 
  • Bedrooms: 2
  • Bathrooms: 1
  • Car parking: 1
  • Rates: $2,200
  • Body corporate fee: NA
AMENITIES

A few minutes drive from the CBD, hospital, airport and shops.

Zoned for and within 1km of Whanganui Collegiate and Whanganui Intermediate and Carlton school.

LOCATION
  • $500,000
  • Gross yield: 4.9%
  • Rental appraisal: $460-480 pw (Written rental appraisal available to potential purchasers)
  • Annual rates: $2,200
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ABOUT THE AGENT
Maree Tassell

Maree Tassell
Licensed Agent - REAA 2008

maree@ifindproperty.co.nz
027 486 6146