FLATS FLATS in PAPAKURA: Rental appraisal $310 per week per unit, which equates to a whopping 8.1% yield on the asking price. The property represents a purpose-built uncomplicated low-risk residential investment. With one owner for 32 years, this property comes with a pedigree. The package comprises 5 extra large 2-bedroom units, each complemented with secure garaging and off-street parking. All this is nestled in a tranquil setting on 1257m2 of freehold land. The location is near perfect, situated in a quiet cul-de-sac just off the Great South Road, and surrounded by quality real estate, handy to public transport and all local amenities and public schools. All this adds up to a pleasant environment in which to live. However, a new broom is required. 3 of the units have recently been refurbished, and the remaining 2 require light work to allow this complex to achieve its full potential. The rental appraisal of $310 per week is easily achievable, and this equates to a top rent roll of $80,600 per annum. Professionally managed, this hands-off investment property is perfectly suited to either a local or out-of-town investor. Demand from prospective tenants is very high, which is demonstrated by the property's consistently high occupancy rate. Phone Greig for a private viewing, 0274 916 901.