Tender · closes 8 Dec
2-52 Devon Crescent,
Bulls, Rangitikei District
(will not be sold prior)
Property details
-
Agents
Ray White Feilding: Real Estate House Manawatu Limited Licensed (REAA 2008)
56 Stafford Street, Feilding Manawatu District 4702
-
Chattels
- Stove
- Extractor Fan
- Light Fittings
- Garden Shed
Top Tier Investment
An investment of this calibre is rarely found in regional New Zealand-offering not only great returns and steady income, but a large passive investment.
Occupancy is high, so all you need to do is take over and enjoy the income.
With anticipated fully-let rental income of $574,600 P.A and the unique "cul-de-sac monopoly", the advantage of owning 26 consecutive residences over 9 titles, creates an
opportunity that demanding investors simply cannot afford to overlook.
As well as the current income produced by the current residences, there are parcels of land that could be developed at some point in the future, subject to all necessary investigations consents and approvals with no representation made by the vendor.
Key Investment Summary:
• The portfolio comprises 26 residential dwellings across nine freehold titles consisting of 5 duplexes (2 units, 1 title) and 4 quadplexes (4 units, 1 title).
• Residences: 26 three-bedroom residences in total.
• Tenancy & Income: High occupancy across the portfolio-with individual units either being appraised or currently rented between $400 and $440 per week.
• Current residential periodic tenancy agreements are in place for 22 of the properties, returning $9330 per week
• 10 Devon Crescent is being kept vacant for an easily accessible display home for buyer inspections.
• 25 of the 26 properties have Healthy Homes Certificates, while number 46 Devon Cres is excluded.
• One unit being sold 'as-is' requiring maintenance to bring up to rentable standard.
• Property information, including tenancy information, Healthy Homes documentation, condition reports (where available) and other due diligence material, is available to interested purchasers upon request.
• Purchasers are encouraged to undertake their own investigations as to the condition, suitability and future use of the properties.
Flexible Purchase Options:
Selling by Tender-giving you complete flexibility to tender for a single title, multiple titles, or the entire portfolio.
A full information memorandum and further key information are available on request.
Viewings of number 10 Devon Crescent are available at any time, so give Andrew or Stu a call, or come along to an open home.
For sale by Tender - closing 12pm Tuesday 8th December 2026 (will not be sold prior) at Ray White Feilding, 56 Stafford Street, Feilding.
For further information please visit:
https://rwfeilding.co.nz/FEL30650
Occupancy is high, so all you need to do is take over and enjoy the income.
With anticipated fully-let rental income of $574,600 P.A and the unique "cul-de-sac monopoly", the advantage of owning 26 consecutive residences over 9 titles, creates an
opportunity that demanding investors simply cannot afford to overlook.
As well as the current income produced by the current residences, there are parcels of land that could be developed at some point in the future, subject to all necessary investigations consents and approvals with no representation made by the vendor.
Key Investment Summary:
• The portfolio comprises 26 residential dwellings across nine freehold titles consisting of 5 duplexes (2 units, 1 title) and 4 quadplexes (4 units, 1 title).
• Residences: 26 three-bedroom residences in total.
• Tenancy & Income: High occupancy across the portfolio-with individual units either being appraised or currently rented between $400 and $440 per week.
• Current residential periodic tenancy agreements are in place for 22 of the properties, returning $9330 per week
• 10 Devon Crescent is being kept vacant for an easily accessible display home for buyer inspections.
• 25 of the 26 properties have Healthy Homes Certificates, while number 46 Devon Cres is excluded.
• One unit being sold 'as-is' requiring maintenance to bring up to rentable standard.
• Property information, including tenancy information, Healthy Homes documentation, condition reports (where available) and other due diligence material, is available to interested purchasers upon request.
• Purchasers are encouraged to undertake their own investigations as to the condition, suitability and future use of the properties.
Flexible Purchase Options:
Selling by Tender-giving you complete flexibility to tender for a single title, multiple titles, or the entire portfolio.
A full information memorandum and further key information are available on request.
Viewings of number 10 Devon Crescent are available at any time, so give Andrew or Stu a call, or come along to an open home.
For sale by Tender - closing 12pm Tuesday 8th December 2026 (will not be sold prior) at Ray White Feilding, 56 Stafford Street, Feilding.
For further information please visit:
https://rwfeilding.co.nz/FEL30650
Inspections
Explore the area
School catchments
- Clifton School (Bulls) Full primary Years 1-8 State 0.37km
- Bulls School Full primary Years 1-8 State 1.1km
- Sanson School Full primary Years 1-8 State 6.0km
- Mount Biggs School Full primary Years 1-8 State 8.7km
- Marton Junction School Full primary Years 1-8 State 10.1km
- Halcombe Primary School Full primary Years 1-8 State 10.4km
- James Cook School Full primary Years 1-8 State 11.2km
- St Matthew's School (Marton) Full primary Years 1-8 State integrated 11.6km
- South Makirikiri School Full primary Years 1-8 State 12.0km
- Marton School Full primary Years 1-8 State 12.0km
- Rangitīkei College Secondary Years 9-15 State 12.1km
- Nga Tawa Diocesan School Secondary Years 9-15 State integrated 12.4km
- Huntley School (Marton) Full primary Years 1-8 Private 12.8km
- Rongotea School Full primary Years 1-8 State 13.5km
- Manchester Street School Primary Years 1-6 State 15.9km
- North Street School Full primary Years 1-8 State 16.2km
- St Joseph's School (Feilding) Full primary Years 1-8 State integrated 16.6km
- Feilding High School Secondary Years 9-15 State 16.7km
- Whare Kura Morehu ō Ratana Composite Years 1-15 State 23.7km
- Hato Paora College Secondary Years 9-15 State integrated 23.7km
- Te Kura aa Iwi o Ngaati Kauwhata Composite Years 1-15 State 24.0km
- St Peter's College (Palmerston North) Secondary Years 7-15 State integrated 25.6km
- Queen Elizabeth College Secondary Years 7-15 State 26.5km
- Palmerston North Boys' High School Secondary Years 9-15 State 26.9km
- Freyberg High School Secondary Years 9-15 State 27.3km
- Mana Tamariki Composite Years 1-15 State 27.4km
- Longburn Adventist College Secondary Years 7-15 State integrated 27.7km
- Cornerstone Christian School Composite Years 1-15 State integrated 28.4km
- Awatapu College Secondary Years 9-15 State 28.4km
- Palmerston North Girls' High School Secondary Years 9-15 State 29.0km
Nearest schools, measured in a straight line from the property. Provided as a guide only; check enrolment zones and eligibility with the school. School data © Ministry of Education, licensed under CC BY 4.0.
Documents
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Andrew Hansen
2-52 Devon Crescent, Bulls 4818
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Andrew Hansen
2-52 Devon Crescent, Bulls 4818