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