[SOLD] Potential 9.2% Gross Yield with Great Tenant who wants to Live Here Forever!

674A Te Ngae Road, Owhata, Rotorua - $160,350

Potential 9.2% Gross Yield, delightful little earner in Rotorua with close proximity to Eastgate Business Park and airport.

Great tenant that wants to stay FOREVER.


Highlights:

  • Price: $160,350
  • Gross Yield: Potential 9%
  • Capital Value: $126,000
  • Rental Status: $240 p/w
  • Rent Appraisal: $275-285 p/w
    Verbal Appraisal - TBC in writing
  • Annual Rates: $2,102
  • Estate Type: Crosslease (Freehold)
  • Floor Area: 80m2
  • Land Area: 1/2 share 1011m2

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Additional Information

Great tidy tenant, devastated that her home is on the market and really wants her family to stay. Tidy group style, three bedroom hardiplank home with 2 double and one single bedroom.

The house interior is immaculate with three double bedrooms, each with wardrobes. The walls are nicely painted in a neutral colour. The open plan lounge is sunny, with good quality carpet and opens on to a wooden deck via a ranch slider, a cosy dining area and tidy kitchen. The lounge features a deep blue feature wall and is heated by a Mitsubishi heat pump. A functional kitchen has a tenant proof stainless steel bench, good lino and a new looking Westinghouse stove.

There is a good sized bathroom, that is tidy, with a shower over the bath and has a separate toilet room. (The bathroom vanity is older and could be improved by replacing it).

With a good sized outdoor area at the front, good fencing, an internal access carport for the car as well as a garden shed, what more could a tenant ask for. The house exterior is well painted and the corrugated iron roof appears to be in good condition. Situated down the driveway away from the road this is a lovely little rental, handy to the airport, Tauranga and the road to Whakatane.

Amenities

Situated on Te Ngae Road which is the main arterial route to Taurauga and Whakatane. This property is handy to Rotorua Airport and Eastgate Business Park as well as being only a few minutes drive to the CBD.

There are a number of schools of all levels on this Eastern side of Rotorua and with the current rental shortage, bound to be easy to rent.

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

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This property is SOLD
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Agent Contact Details

Debbie Van Den Broek
Licensed Salesperson - REAA 2008

debbie@ifindproperty.co.nz
021 131 6119

Debbie has been wonderful to work with. She was professional, thorough and has an inside knowledge about the Rotorua market. On top of this she is willing to share her extensive knowledge with her clients as she is on the side of the investor."