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Separate Titles -The property - comprises 2 large purpose-built 2-bedroom units nestled on 1054m2 freehold land, brick construction, built for longevity, each unit is complemented with lockup single garaging, off-street parking and their individual title.
• The rental income per unit per week of $310.00 is great, but an independent rental appraisal of $430.00 per week per unit equates to $860.00 per week = $44,720 pa.
• Proposed Subdivision Plan. Build your capital -There has been a proposed subdivision plan drafted to subdivide the property into three titles, generating a 408.2m2 (net Site Area) section.
• Tax deductibility for landlords will be able to claim 80 percent of their interest expenses from April 1 2024 and 100 percent from 1 April 2025 onwards.
• Absentee vendor - build capital with this opportunity
• The perfect acquisition for capital growth its a banker's delight.
111 Manaia Street Tokoroa is located in a quiet location, surrounded by quality real estate. Easy commute to Tokoroa's shopping center hub, local amenities, schools and service clubs.
An in-demand property from prospective tenants, which is demonstrated by the property's high occupancy rate Thus creating a hassle-free investment
Please allow 24 hours notice for viewing as all units are tenanted
All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.