Sat Feb 8 12:00-12:45
With the market set to take advantage of the lower interest rates this is a dream cash cow with two separate rental properties on one site creating a very high and profitable return situation for the new owner.
You would be correct they are being sold in an 'as is where is' state however the owners have spent what was needed to create cosmetic serenity for the tenants with a nice interior finish throughout both properties and healthy home standards adhered to. Current rental returns have been ongoing at $910 pw between the two homes with good quality tenants making it a joy to own for our owners (managed by Warwick Todd).
Front house is three generous double bedrooms, large bathroom and spacious living and kitchen dining and two off street car parking. The rear house offers large master bedroom with ensuite, spacious open plan living with full kitchen and large two car garaging and private outdoor living areas.
The floor levels are not horrible either and are hard to notice anything out of order unless you are looking for it. (floor level survey available upon request).
This location is a main stay of good quality business tenants and always sought after with its proximity to services and easy access to the city centre. Expectations here are very reasonable and offer you an opportunity to see excess capital flow for other investment ideas. Remediation would also be a straightforward path to capital growth as well. The property lends itself to an easy fix scenario. This is a genuine sale of a long-term investment for our owners who have decided to capitalise out for retirement purposes and their move is your gain in this opportunistic situation. Make haste on this as it is just what you have been searching for.
Parking for the open homes is via Knowles Street for convenience purposes and is only three houses away from the corner.
Please copy this url to download the Auction Pack - https://vltre.co/l1xgcL
Please be aware that this information has been sourced from third parties. View our property information disclaimer here: raineandhorne.co.nz/property-disclaimer
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
|---|---|---|---|---|---|---|---|---|
 | 0.08 km | 3 | 2 | -m2 | Year 2025 Month 01 Day 24 | - | Council approved | |
 | 0.13 km | 3 | 2 | -m2 | Year 2024 Month 11 Day 12 | $645,000 | Council approved | |
0.17 km | 3 | 116m2 | Year 2024 Month 09 Day 23 | $637,500 | Council approved | |||
 | 0.06 km | 4 | 1 | -m2 | Year 2024 Month 09 Day 20 | - | Council approved | |
 | 0.12 km | 2 | 1 | 100m2 | Year 2024 Month 08 Day 12 | $580,000 | Council approved |
