The outcome here is capital growth and positive cash flow. Bring the paint brush and you will reap the rewards The property comprises of 8 studio units built from permanent materials. An independent rental appraisal of $185.00 per week/per unit equates to an impressive annual rent roll of $76,960. Nestled on 851m2 freehold land and within an easy commute to all local amenities, this makes for an excellent environment for tenants to live. This property is in demand from prospective tenants which is demonstrated by the high occupancy rate.
Plus there is an opportunity to purchase two neighbouring properties which comprises of a 4 unit property and a 6 unit property: Refer to www.harcourts.co.nz/EL23999
Arrange a viewing time contact listing agent.