The astute investor will be quick to recognise this unique investment opportunity on a heritage recognised street in Napier South. This solid freehold, cross lease build, offers four one bedroom units; two on the ground floor and two on the upper, each with its own power meter, fibre connection and designated parking. The units all meet current healthy homes criteria, equipped with a heat pump, extractor fan and new hot water cylinder. All units are tenanted and under the management of a registered tenancy agency.
The building has recently been re-roofed, the exterior repainted and the retaining wall on the western side has been overlaid with an attractive wood facade and planter boxes. Parking areas have been upgraded with new concrete laid. Units A, C and D have recently been refurbished throughout, with upgraded kitchens, bathrooms, floor coverings, painting and furnishings providing light and airy living spaces. Unit B is in more original condition and enjoys a top corner aspect and can be upgraded to align with the rest. There is a communal shared deck, lawn area, two clothes lines plus storage shed.
Perfectly positioned within walking distance of supermarkets, medical centre, local amenities and Napier CBD with public transport available at the end of the street. This property offers exciting investment opportunities to Mum and Dad investors, retirees looking for passive income options or investors looking to add to their portfolio. Live in one and receive income from the rest. There is a unique opportunity here for extended or blended family investment. LIM and Council File available upon request. The interior photographs displayed are of unit C only.
Name | Distance | Type | Year | Attribute | Gender | Score | Decile | |
---|---|---|---|---|---|---|---|---|
Napier Intermediate | 0.42 km | Secundaria | 7-8 | Escuela Pública | Co-Educativo | EQI: 483 | 4 | |
Napier Central School | 0.79 km | Primaria | 1-6 | Escuela Pública | Co-Educativo | EQI: 407 | 8 | |
Port Ahuriri School | 0.96 km | Primaria | 1-6 | Escuela Pública | Co-Educativo | EQI: 426 | 7 | |
Napier Girls' High School | 1.42 km | Secundaria | 9-15 | Escuela Pública | Escuela para Niñas | EQI: 441 | 6 | |
Napier Boys' High School | 2.63 km | Secundaria | 9-15 | Escuela Pública | Escuela para Niños | EQI: 449 | 6 | |
St Joseph's Maori Girls' College | 5.43 km | Secundaria | 7-15 | Escuela Pública | Escuela para Niñas | EQI: 516 | 2 | |
Lindisfarne College | 15.72 km | Secundaria | 7-15 | Escuela Pública | Escuela para Niños | EQI: 396 | 9 | |
Taikura Rudolf Steiner School | 16.59 km | Combinado | 1-13 | Escuela Pública | Co-Educativo | EQI: 434 | 6 | |
St John's College (Hastings) | 16.69 km | Secundaria | 9-15 | Escuela Pública | Escuela para Niños | EQI: 454 | 4 | |
Hastings Christian School | 18.96 km | Combinado | 1-13 | Escuela Pública | Co-Educativo | EQI: 424 | 7 | |
Iona College | 20.70 km | Secundaria | 7-15 | Escuela Pública | Escuela para Niñas | EQI: 394 | 10 | |
Woodford House | 21.26 km | Secundaria | 7-15 | Escuela Pública | Escuela para Niñas | EQI: 396 | 9 |
Address | Distance | Bed | Bath | Floor area | Sold date | Sold | Data source | |
---|---|---|---|---|---|---|---|---|
![]() | 1.41 km | 5 | 2 | 234m2 | Year 2024 Month 04 Day 24 | $1,115,000 | Council approved | |
![]() | 0.57 km | 3 | 2 | 130m2 | Year 2024 Month 04 Day 22 | $600,000 | Council approved | |
![]() | 0.06 km | 3 | 2 | 159m2 | Year 2024 Month 04 Day 16 | $850,000 | Council approved | |
![]() | 0.57 km | 2 | 1 | 110m2 | Year 2024 Month 03 Day 14 | $580,000 | Council approved | |
![]() | 2.35 km | 3 | 2 | 221m2 | Year 2024 Month 02 Day 26 | $1,180,000 | Council approved |