Waikato Median PriceWaikato Median Rent | Map | Street view | Nearby | Property Description: | On offer is this 82sqm, three bedroom bungalow on an 1106sqm section, with garage and workshop. There is a possibility you could sub-divide and/or build an ancillary unit on the large back section.
The property currently returns $270pw with tenants wanting to stay long term (they have said up to 10 years) also the neighbouring super value store would like to lease the current front parking for $50 per week which increases the return to $320pw. At the asking price of $249,000 this would achieve a gross return of 6.7%.
Other potentials; you may be able use this property as a business location as based next door is a pool of clientele visiting the super value store.
What would you do? Talk to Steven Bridson today on 0800 130 130 |
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