What an opportunity, these 4 beautifully presented fully furnished townhouses on a developed 1282 m2 level site are being offered to the market as a package, 2 are currently rented to excellent long term tenants with 2 intentionally vacant to provide buyer interest flexiblity.
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The four dwelllings are all on individual xlease titles and enjoy pride of place on prime Porritt Drive directly opposite the beautiful Tarawera River ( world reknowned for super sized trout ) both road frontage townhouses enjoy unobstructed river views and the tree lined esplanade reserve.
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Informed purchasers already aware of the growth occuring in Kawerau as the Western Bays 2015 property investor hot spot will be familiar with the desirability of a Porritt Drive address featuring well presented homes and very limited rental opportunities for quality tenants seeking accomodation in this prime river front location.
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The collective advertised purchase price of $470,000 neg, GST inclusive ($117,500 each) is envisaged to provide a secure indicative 10% net return on investment, based on full tenancy and employing existing current rentals as a collective income assessment.
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This opportunity will ideally suit a professional residential investor recognising the fundamentals on offer and seeking multiple Kawerau buyer opportunities, alternatively this opportunity will suit an active retired couple or individual retaining 1 townhouse as their personal residence whilst receiving a very managable (well above bank rates) on site income from select quality tenants occupying the remaining 3 residences.
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Viewing is strictly by appointment, please phone John on 021 335 336 to arrange.
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