Subdivision Potential - A Unique Investment Opportunity
This is a prime opportunity for savvy investors looking to build capital. With subdivision potential, this 984m² freehold section is just minutes' walk from Tokoroa's CBD. Situated at 4 Liberton Place, Tokoroa, this property boasts excellent street appeal and includes a charming 3-bedroom bungalow currently tenanted at $440 per week. The excellent tenant is keen to stay, offering stability for the new owner. An independent rental appraisal suggests $500 per week, making this property an appealing prospect for any investor.
The Upside:
Subdivision Potential: The large land area presents the opportunity to subdivide and develop, unlocking significant future capital growth.
Build a 4-Bedroom Home: There is a strong demand for quality 4-bedroom rental properties in Tokoroa. By building a family-sized home, you can tap into this market and reap the rewards of both rental income and long-term capital appreciation.
- High Tenant Demand: This property has demonstrated a high occupancy rate, showcasing consistent demand and offering a hassle-free investment.
- Healthy Homes Compliant: The property meets the Healthy Homes Standards, ensuring a compliant and comfortable living space for tenants.
- This is an exceptional investment with clear potential for growth.
Contact the listing agent today to arrange a viewing.
Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.