Home and Income – Great return in Paradise!

Established Freehold property in 2 titles, 1600m2 approx in Raglan CBD 3mins walk safe beach/wharf, 8mins walk main street of town.

Title One – 618m2 Dragonfly Cottage 21A Government Rd, Raglan

Built in 2008 to building codes with permits, well insulated, mod 2 bdm upper level aprtmnt, Mt Karioi views from substantial decking, gas hot water and full gas cooking. Has been rented for $280pw or $120pnight. The Garden House (lower level) 1 bdm mod apartment, views of landscaped BBQ patio garden, semi-self contained, ensuite, kitchenette, dining, conservatory. Has been rented for $180pw or $65pnight. Kokapu Lodge, sep studio 2 rms, kitchen, bathroom, LED lighting, gas hot water, gas cooking. Has been rented for $200pw or $65pnight.

This property has been a very successful Bookabach. (Nov-Mar) brought over $10,000 income and could be higher now that Kokapu Lodge is online approx another $5000. Off-peak season can potentially earn $660pw. That’s approx 8% return on investment. Option 2 – property could be easily converted back to family home and artists studio.

Visit the website www.bachpacker.com

Asking price: $395,000
(Available extra: Bachpacker Ltd chattels- $10,000. Co. reg, reg name, identity, signage, social media and website $25,000)

Adjoining: Title Two – 1064m2 - 23 Government Rd, Raglan

1940s home that has been renovated 2 years ago. Re-wired, re-plumbed with gas hot water, foundations and levelling done, double-glazed windows, insulation, 3 bedrooms, granite benchtop in modern kitchen, large bathroom with sauna bath/shower, large outside covered front deck with landscaped gardens and smaller back deck that looks down the garden through natives and old established fruit trees to ponds. Not many full-sized properties like this left in Raglan. Can be rented for $320pw or $220 per night.