43A Melmore Terrace, Cromwell, Central Otago, Otago

We are presenting a unique opportunity to acquire a rental portfolio of modern builds in expanding and popular Cromwell. Our owners have built four modern, insulated and centrally located rental properties on Melmore Terrace and Molyneux Avenue.

Each property has confirmed, continuing tenancies accruing approx. $125,000 per annum with many of the long-term tenants happy to continue renting. These homes are positioned close to the historical area of Cromwell with the under development of Cromwell Memorial Hall and Events Centre nearby.

The owners are proposing a 100% share sale of the registered company to secure ownership of the properties with multiple purchasing opportunities:

Option to register and claim GST - currently not registered

Take ownership of the Molyhawk Development Ltd company

Co-ownership purchase

Purchase two or three of the homes.

29A Molyneux Avenue is mostly fenced and consists of three large bedrooms, one bathroom, a separate laundry and an established lawn. The home also has a garage with separate access and additional off-street parking.

43A, B and C Melmore Terrace each have plenty of off-street carparking for each home. Each property consists of three bedrooms, one ensuite and one shared bathroom . An open plan living and kitchen area leads to established lawns via dual ranch sliders. Fencing ensures privacy from each of the neighbouring homes.

All homes have a wall mounted heatpump for warmth and gas instant hot water systems. The homes all have some chattels included as part of the sale.

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