Description

Introducing 610 Te Ngae Road, Owhata - three homes on one large spacious title. These are not your "average" investment stock; the dwellings have been recently renovated including new kitchens and bathrooms and are finished in low maintenance materials. Inside each dwelling, you will find heat pumps - all houses are Healthy Homes compliant.

The front dwelling consists of three bedrooms (one up, two down) as well as a sunny mezzanine area with lake views, perfect for an office space. There is also a small garage with internal access and off-road parking. Entrance to this dwelling is fenced and private.

The two rear two bedroom units both have large, fenced back yards and are similarly renovated to a high standard. But wait, there's more...the living areas open onto a rear deck which has the bonus of access to a double gazed outdoor cabin.

A triple carport, and two off-street parking spaces ensure that parking is never an issue.

Located conveniently close to the lake, airport, and even the ever-popular McDonald's. All forms of schooling are in walking distance (2km or less).

The units have been vacated for easy inspection while on the market, however they have a very good rental history. Until recently they were rented for $540 (front house) + $500 for each back unit. Current rental appraisals range from $1640 p/w - $1690 p/w ($85,280+ p/a. At the asking price this equates to a 8.5% - 8.8% gross yield. Rental appraisals can be provided to potential purchasers. We also have available council files and a LIM to assist purchasers with their due diligence.