1 Kindergarten Street Tokoroa, South Waikato District

Purpose-built for longevity, where the outcome is good cash flow with capital growth.

The property comprises of 2 large 2-bedroom units, plus 1 large 3-bedroom unit, nestled on a proud corner site of 903m2 freehold land. The current rental income of $1,050 per week is okay, but an independent rental appraisal for the 3 bedroom $490.00 pw and the 2 bedroom units $440.00 pw each, suggests a rental income per week $1,370.00 equating the a massive annual rental income $71,240.00.

THE TWIST - There is the option to reconfigure the three-bedroom unit to a 2 bedroom unit and generate an extra one-bedroom unit. Bringing in an extra $350.00 pw.

An in-demand property from prospective tenants, which is demonstrated by the property's high occupancy rate, thus creating a hassle-free investment. Perfect acquisition for an absentee investor or local investor. The property represents uncomplicated real estate, be the proud owner.

Please allow 48 hours notice for viewing times as all units are tenanted

Disclaimer -This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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.