108 Bridge Street, Tokoroa, South Waikato

Nestled on a prime corner in the heart of Tokoroa at 108 Bridge Street, this freehold property built in 1975 is a gem waiting to be polished. The residence boasts 7 bedrooms, 250 square meters of floor area, and is constructed with durable iron roofing and stone walls in average condition. It sits on a level 898 square meter section with a potential for a 9.1% gross yield, making it an attractive investment. The property, valued at $650,000 according to the latest government CV and HouGarden AVM, has a history of a $245,000 sale in 2015 and has maintained its CV value over the past three years.

With the upcoming release of new CVs in two months, this property presents a solid investment opportunity. It has a rental history that includes a 3-bedroom unit with an office, a 2-bedroom unit, and a 1-bedroom unit, each with its own rental appraisal. Landlords can enjoy tax benefits, being able to claim 80% of their interest expenses from April 1, 2024, and 100% from April 1, 2025. This property is not just a blue-chip investment but also a potential home and income package.

Located in a sought-after school zone with easy access to shopping, amenities, and schools, this property is a winner for both investors and families. The high occupancy rate reflects the property's appeal to tenants, ensuring a hassle-free investment. It's a chance to bring your paintbrush and add value to a property that already stands out in a quiet cul-de-sac.

Updated on September 19, 2024