With long standing tenants this is an investment that would be a good addition to any investment portfolio, particularly given location in that it is within walking distance to many schools, Ballance Street Village, and even town making it a central location for anyone.

 

Front house, stand alone with separate parking. Currently rented at $220 per week. Two large bedrooms with a generous lounge/dining area.

 

Rear house, has separate railway reserve access with garage and yard. Currently rented at $200 per week. Again two large bedrooms and big lounge.

 

And, long term you could easily erect a fence between the two dwellings if necessary.

 

It is quite likely that the existing rents may be behind current letting rates, so do your sum, and tell me what you would pay to take over this investment property. The existing owner has plans elsewhere and is keen to see all written offers.

 

2011 RV – $295,000

Annual rates - $5,268.11 (multi-use)

Currently returning $21,840 annually which could easily be subject to review with an up-to-date rental evaluation to bring in line with current market trends.

 

Call Tracy now for more information. M: 027 553 5360 or P: 06 929 1933