Rārangi Hou
Built circa 1950s standing proudly on this tidy, well-kept 812sqm more or less freehold site, are these two storey units. Totalling 340sqm more or less. Constructed of concrete block and brick, the building houses five units - four, two bedroom units and one rather roomy one bedroom unit, with extra's.
Thermally heated, the units are unique, here is your opportunity to secure an excellent investment, with scope to add additional accommodation or redesign the rear unit to increase returns, subject to council approval.
As we enter the rear unit, we have a foyer to the front entrance, the open plan living spaces merge with the unanticipated outdoor courtyard, for their private use. Although a blank space, this could be well intended for comfort, for a live-in landlord or operate a home and income. A tandem garage and studio/storage room sits to the rear of the section, with a potential here to add value. The layout of the remaining units are 2 units upstairs and 2 units on the ground floor.
With the location being so close to town, bus stop and amenities the car park may not need to be used! All tenancies are on a periodic agreement and are returning $114,400pa. Updated rental appraisal is available.