
With excellent returns. Attention investors and developers! Don't miss this exceptional opportunity to secure 9 studio rental units on a spacious 1,476m² freehold site, perfectly positioned in a central location. These units are currently generating over $150,000 annually in rental income, with the potential to increase returns to $175,000 per year.
Key features:
• Healthy Homes Compliant: All units meet the latest compliance standards, ensuring tenant comfort and peace of mind.
• Covered Parking: Each unit comes with its own covered parking space, a valuable feature for tenants.
• Convenient Location: Easy walking distance to the central mall, supermarkets, and schools.
Added Opportunity: The property also offers the unique option to maximize your investment by purchasing the adjoining property at 33 Seddon Street - a 3-bedroom home on a separate freehold title (for a total of 2085m2). This additional property currently generates an extra $32,500 annually, creating the potential to own the entire block between Malfroy Rd and Seddon St.
Whether you're looking to expand your portfolio or explore development possibilities, this is a rare chance to secure a high-performing asset in a sought-after location with good future prospects.
Opportunities like this don't come around often. Contact me today for more information or to register your interest.
Tender closing 27th February 2025 at 4:00pm at Tremains, Rotorua (unless sold prior)
To access the Property File, LIM Report and other information on this property please copy and paste this link into your browser: propertyfiles.co.nz/property/RT04166
Sales Consultant