Rotorua Median PriceRotorua Median Rent | A2 & 2A Fairview Road, Western Heights | $195,000+ listed in May 2014 | Unit: 2 1 | Land size: 1,105 sqm | Building size: 130 sqm [Measure] |
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| ![](http://www.homesell.co.nz/photos/10858/web_11254_w220_h139.jpg) More Photos |
Map | Street view | Nearby | Property Description: | This is a rock solid investment, these two units are currently returning 9.46% plus with an option to subdivide. Located on a large flat 1105sqm section, there is ample room on the rear section to subdivide and develop if preferred.
Features of the property include:
* 2 x 2 bedroom units on a large flat subdividable section * Rental income: Unit 1 $180 per week, Unit 2 $175 per week (for a long term tenant) * Realistically priced at Offers over $195,000, Capital Value is $212,000 * These units could do with some TLC which would increase the value and rental return * Easily rented and currently managed by a rental agency
High schools and parks are nearby. A bus stop just around the corner and 10 minutes drive to town.
This is a brilliant investment opportunity with the potential to develop and significantly add value.
Contact the owners for more details. |
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