No Management Fees, 6% Return And-Due To Increase

Calling All Investors and Developers – Renovated, Tenanted & Full of Potential! This recently renovated property offers a compelling opportunity with strong returns and future development potential. Set on a generous 1,012sqm (more or less) flat section, there's little left to do — making it ideal for those seeking a turnkey investment or long-term project.

Renovated in 2023, featuring:

New wiring and switchboard

New carpet

New oak flooring

Modern kitchen

Updated bathroom

Fresh Interior and exterior paint

New deck

Compliant wood burner

Healthy Homes compliant

Master bedroom with ensuite

Concrete pad ready for garaging

Tenancy & Income:

Currently leased on a 3-year term with a 3-year right of renewal (next renewal due 24/09/2027)

Returning $35,256 per annum, with a rent increase scheduled for 25/07/2025

NOT LEASED TO KAINGA ORA

Development Upside:

With council consent, the flat and easy-care section provides excellent scope to investigate further development, adding value and flexibility to your portfolio.

Call Brooke Wood 022 1711 080 for more information.