Fantastic North Shore Location, Option To Add Value

6 Tallington Crescent, Torbay, Auckland - $1,200,000


Highlights:

Property Features: 2 x 2 bedroom units on one freehold title

  • Price: $1,200,000
  • Gross Yield: 4.0%
  • Rental Status: Unit 1 480 p/w
    Unit 2 480 p/w
  • Rent Appraisal: pending
  • Annual Rates: 2895.99
  • Estate Type: Freehold
  • Floor Area: 120 m2
  • Land Area: 702

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About the Property

This ready-made investment comes with existing tenants (if desired).

This property offers a great opportunity to purchase with an uninterrupted rental income and a 4% yield on day one. The option to add value, while maintaining the rental income, is offered by subdividing this one title into two (subject to council approval) to add both equity and flexibility to your portfolio.

Solidly built in the 1960’s in this very popular North Shore location has two lovely beaches within 3.5 km. Offering 2 x 2 bedroom fully renovated units on a single freehold title. The high-quality renovation of both homes included all kitchen appliances, bathroom fittings, new flooring, repainting inside and upgrades to the electrical systems mean that there will be limited maintenance required for some time. The roof is only 5 years old. Heating will be required to meet the Healthy Homes requirements by July 2021.

Located in a Quiet cul-de-sac and with only a short distance (4km) to the new Long Bay village with bars, eateries and a supermarket this will always be attractive to tenants. It is a 5-minute drive to either Waiake Beach or Long Bay regional park. This location is In Zone for three nearby decile 10 schools, Long Bay Primary School (1.8 km away), Northcross Intermediate (3.5 km away) and Long Bay College (1.8 km away).

There are already great tenants in both flats, and they would like to stay.

Separate water meters and compliant insulation is in place. Two garages and a double (unconsented) carport provide ample parking.

Disclosure: Due to COVID-19 we have been unable to gain access to physically view this property.

Penny King
Property Investment Specialist

penny.king@ifindproperty.co.nz
021 749 406

Contact us about this property

Agent Contact Details

Penny King
Property Investment Specialist

penny.king@ifindproperty.co.nz
021 749 406

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