24 Hinau Street Tokoroa, South Waikato District

A classic and unique block of units, a purpose-built investment with northerly aspects, Quality, and Lockwood design (very low maintenance), built for longevity. Where the outcome is capital growth with passive rental income.

24 Hinau Street Tokoroa, the property features four large 2-bedroom units, nestled on 806m2 freehold land. Each unit is complemented with a private courtyard, single carport and off-street parking. Lovely easy-care grounds provide the occupants with a warm environment in which to live.

Quality fittings throughout. The Current annual rental income $88,510 just keeps on rolling in. An independent rental appraisal of $440 - $450 per week per unit makes this a little gem. Annual rental income of $91,520 equates to a massive 8.72% gross yield

An in-demand property from prospective tenants is shown by the property's high occupancy rate, where long-term tenants are the norm. Thus, creating a hassle-free investment. Perfect acquisition for an absentee investor or local investor.

Contact the listing agent for viewing times

PLEASE NOTE: 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.