- About this property
Insurance for your Future!Property ID RCH24374This investment demands your attention. On offer are three separate units sitting on a 1,181 m2 parcel of freehold land and located 450 meters from Tahunanui Beach! There are three units, sold as is.
This is a perfect 'add value' opportunity with plenty of scopes to create your own flair & style. Unit one consists of one bedroom, one bathroom and has a heat pump, Unit two also has one bedroom, one bathroom, and an eco-heater. Unit three features three bedrooms, two bathrooms and has a heat pump.
Set back from the road the large section has space for up to eight vehicles. With two of the three units having tenants in place, you will start earning the moment you take over!
These two units are currently producing a gross income of $23,920 p.a. A rental assessment indicates that the third unit could add an additional gross income of $9,880 p.a, providing a potential gross income of $33,800 p.a. A 5.92% return on your investment. Call Roei today for an appointment to view or drop into the open home.
* RV: $500,000 (Sep 2015) Rates: $4,541.62 Land Area: 1181 sqm (more or less) Floor Area: 160 sqm (Source: Property Guru, Nelson City Council, LINZ).
ParkingOff Street Parking
InteriorOther Rooms Study Hot Water Electric Kitchen Standard Dining Combined Kitchen Bathroom Separate Bathrooms / Separate WCs / Combined Bathrooms Stove Electric Interior Insulation: Wool insulation in all units / Joinery: Mixed Wood & Aluminium Interior Condition Fair Floors Single Storey Heating Heat Pump Lounge Combined Lounge Dining Other Air Conditioning
ExteriorBase Wooden Fencing Partially Fenced Roof Iron Exterior Stucco Exterior Condition Fair Views Urban Frontage ROW Levels Level With Road Amenities Transport / Shops Water Extra Features Town Section Contour Level Sewage City
ChattelsCurtains, Dishwasher, F/Floor Cover, Garden Shed, Light Fittings, Stove, Cooktop Oven, Washing machine x1
OtherBuilt-In Wardrobes, Close to Schools, Close to Shops, Close to Transport, Garden