Rare Opportunity - 2 Rental Units

Huge potential here - with 2197m² approx. of land you could build more units or a new owner could build a new home on some of the available land and manage their investment alongside.
2 long-term tenants - each unit consists of 2 bedrooms, kitchen and living area. Bathrooms have a bath, vanity and shower. The wc is separate and there is a laundry in each unit also. Built of concrete block with aluminium joinery and iron roof - these are truly low maintenance although, each could do with some paint and redecorating to maximise rental returns. The driveway leads to a carport for each tenant and there is parking for visitors, lawn, room for gardens, clothesline etc, are all in place. Great potential with the huge land area for development or more.

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Main Property Features

Listing Number: KC5782

Approx Floor Area:
160 sqm
Land Size:
2197 sqm
Property Type:
Block of units
Roof:
Stonechip
Tenure:
Freehold
Approx year built:
1976
House style:
Other (Modern)
Garaging / carparking:
Open carport, Off street
Construction:
Block and Brick
Joinery:
Aluminium
Insulation:
Ceiling
Flooring:
Carpet and Vinyl
Window coverings:
Drapes
Heating / Cooling:
Heat pump
Electrical:
Satellite dish, TV aerial
Chattels remaining:
Fixed floor coverings, Light fittings, Stove, Drapes TV Aerial
Kitchen:
Modern, Upright stove and Pantry
Living area:
Open plan
Main bedroom:
Double and Built-in-robe
Bedroom 2:
Single and Built-in / wardrobe
Laundry:
Separate
Views:
Private, Urban, Bush
Aspect:
West
Outdoor living:
Entertainment area (Uncovered), Clothes line, Garden, Deck / patio
Fencing:
Fully fenced
Land contour:
Flat
Grounds:
Backyard access, Tidy
Water heating:
Electric
Water supply:
Town supply
Sewerage:
Mains
Locality:
Close to shops, Close to schools
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Licensed REAA 2008

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Harcourts Te Kuiti

Blue Ribbon Realty Ltd MREINZ

Licensed REAA 2008

111 Rora Street
Te Kuiti
Office website or View office details

Property Location