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We are excited to present to you a rare investment opportunity at 499A-497 Yarrow Street, Glengarry - four three bedroom townhouses that are currently generating a robust annual income of $83,200.00 per Annum.
Situated on approx. 1467 sqm, this property is not only an excellent investment but these townhouses are in Healthy Home compliant buildings, having been recently renovated to meet modern standards. Additionally, one units have double glazing, ensuring comfort and energy efficiency. One of the key selling points of this investment is its prime location. Conveniently located near all amenities, including shops, schools and the CBD, making it an attractive choice for tenants. Each townhouse comes equipped with a heat pump and North facing living, providing efficient heating for the colder months, adding to the overall appeal of the property.
Now is a great time to invest in Southland, which has demonstrated a highly resilient property market. Invercargill, in particular, has been recognized as a top New Zealand region for growth in 2023. The lower cost of living, affordable entry-level housing, and higher rental yields make it an ideal destination for investors. Over the last five years, Invercargill has seen significant population growth due to the lower cost of living and a thriving local economy. This has translated into a growing demand for rental properties, making this investment opportunity even more compelling.
This is an excellent opportunity to enhance your rental portfolio and take advantage of the thriving real estate market in Invercargill. With its Healthy Home compliance and proximity to the new inner city development, 499A-497 Yarrow Street is a solid investment choice for the astute investor.
499 Yarrow - $350.00 Pw
499A Yarrow - $420.00 Pw
497A Yarrow - $400.00 Pw
497 Yarrow - $430.00 Pw
Please note: Land and Floor area measurements are approximate, and boundary lines indicative only.