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3-5 North Road, Kaitaia, Far North, Northland, 9 Bedrooms, 8 Bathrooms, House

Price on Application

3-5 North Road, Kaitaia, Far North, Northland

9
8
1644m2
HouseListed on Mon Nov 4

Kaitaia 9 Bedroom Super Investment Property - 8 Units Good Returns!

Unlock the potential of this prime investment opportunity!

This property features 7 units plus 1 x 3 bedroom home. The units comprise of 2 x two bedroom units, 2 x one bedroom and three studio units all fitted with heatpumps and extraction fans. Each unit has the provision for parking except the main dwelling that has access to the double lock up garage situated at the rear of the property. All rental units meet the Healthy Homes Standards.

All the units are tidy and are tenanted on a periodic basis with a current yield of over $150,000 per annum. Figures current from October 2024 less expenses and based on full occupancy. We are still experiencing a shortage of rental properties in Kaitaia.

The property has been well maintained with high occupancy rates and under strict property management with Ray White Kaitaia.

There is potential to add to the income stream by renovating the self contained unit attached to the main house.

Centrally located in Kaitaia close to local schools, supermarket and other amenities. Formerly a motel now utilised for transitional emergency housing. Currently zoned residential under the Kaitaia Operative District Plan.

This property is suitable for seasoned investors or those looking to start their real estate portfolio.

Don't miss out on this lucrative opportunity!

For Sale By Tender - Closing 29 November 2024 @ 4.00pm. (Unless Sold Prior).

Contact Diane Weaver today to arrange your appointment to view or request and Information Pack.

Location

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School zones

Name
Distance
Type
Year
Attribute
Gender
Score
Decile
Kaitaia Intermediate
0.42 km
Secondary
7-8
Government
Co-Educational
EQI: 535
1
Pompallier Catholic School
0.79 km
Primary
1-8
Government
Co-Educational
EQI: 465
3
Kaitaia College
1.47 km
Secondary
9-15
Government
Co-Educational
EQI: 519
2
Kaitaia School
1.48 km
Primary
1-6
Government
Co-Educational
EQI: 549
1
TKKM o Tūtūtarakihi
2.29 km
Primary
1-8
Government
Co-Educational
-
-
Oturu School
2.99 km
Primary
1-8
Government
Co-Educational
EQI: 567
1

For developers

Unitary plan:-
Land:1644m²
Title:-

Surrounding facilities

Neighborhood and Surrounding Data

Mortgage

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Ref:KAA31011Last update:2024-12-03 11:31:19