Six Units 5.9% return, but potential for more

SOLD - This listing was sold in November 2019
Attention Investors. 100 per cent occupancy rate from long term tenants. There is potential to increase the rents, with formal rental appraisals of the one-bedrooms being $190-$220 per week (up to $250 per week if tidied up) and the two-bedrooms being $220-$250 per week (up to $290 per week if tidied up).

Currently receiving $1275 per week in total. The rates are $7,028.92 pa in total. These six solid units consist of three, two bedroom units and three, one bedroom units and are all constructed of concrete blocks.

Situated within walking distance to town is a real plus for the tenants.

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Main Property Features

Listing Number: RT190914

Land Size:
1012 sqm
Property Type:
Block of units
Roof:
Iron
Tenure:
Freehold
Tenure Detail:
Section 11 Block LXVII Town of Rotorua
Construction:
Block
Joinery:
Aluminium
Chattels remaining:
Fixed floor coverings, Light fittings, Drapes, Upright Stove x6
Kitchen:
Open plan, Upright stove and Finished in Laminate
Main bathroom:
Separate shower
Laundry:
In bathroom
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to transport, Close to shops, Close to schools
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Harcourts Rotorua

ETB Realty Ltd

Licensed REAA 2008

1198 Whakaue Street
Rotorua
Office website or View office details

Property Location