Three neighbouring blocks of flats on 3 separate titles - 18 flats - Superb monthly cash flow of $14,430 equates to an impressive annual rent roll of $173,160. This is serious real estate and the opportunity offers the new owner three individual freehold titles. All nestled on 2,882m2 park like grounds. To the buyer, just nest and watch your investment grow, or on-sell each block, with the outcome being capital growth. Either way this property is a winner. There is a little TLC required (bring your paint brush) but nothing that will distract you away from being the proud owner of these properties. Properties listed below:

114 Valley Road, Whakatane 116 Valley Road, Whakatane 95 Douglas Road, Whakatane

Block A - 7 studio units plus 1 x one bedroom unit Block B - 6 studio units Block C - 4 studio units

An independent registered valuation of $1,600,000 is available (October 16)

This complex is professionally managed, and located in an easy commute to all local amenities and town centre, this makes for an in-demand property from prospective tenants. With long term tenancies being the norm, thus creating a stable long-term investment. Don't hesitate to investigate this unique opportunity by contacting the listing agent for an information pack.