Sold
3-5 North Road,
Kaitaia, Far North District
NZD 1,400,000
Property details
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Agents
Ray White Kaitaia: Far North Circle Real Estate Limited Licensed REAA 2008
123 Commerce Street, Kaitaia Far North District 0410
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Chattels
- Rangehood
- Dishwasher
- Heated Towel Rail
- Light Fittings
- Blinds
- Curtains
- Drapes
Super Investment Property - 8 Units Good Returns!
Unlock the potential of this prime investment opportunity!
This property features 7 units plus 1 x 3 bedroom home. The units comprise of 2 x two bedroom units, 2 x one bedroom and three studio units all fitted with heatpumps and extraction fans. Each unit has the provision for parking except the main dwelling that has access to the double lock up garage situated at the rear of the property. All rental units meet the Healthy Homes Standards.
All the units are tidy and are tenanted on a periodic basis with a current yield of over $150,000 per annum. Figures current from October 2024 less expenses and based on full occupancy. We are still experiencing a shortage of rental properties in Kaitaia.
The property has been well maintained with high occupancy rates and under strict property management with Ray White Kaitaia.
There is potential to add to the income stream by renovating the self contained unit attached to the main house.
Centrally located in Kaitaia close to local schools, supermarket and other amenities. Formerly a motel now utilised for transitional emergency housing. Currently zoned residential under the Kaitaia Operative District Plan.
This property is suitable for seasoned investors or those looking to start their real estate portfolio.
Don't miss out on this lucrative opportunity!
For Sale By Tender - Closing 29 November 2024 @ 4.00pm. (Unless Sold Prior).
Contact Diane Weaver today to arrange your appointment to view or request and Information Pack.
This property features 7 units plus 1 x 3 bedroom home. The units comprise of 2 x two bedroom units, 2 x one bedroom and three studio units all fitted with heatpumps and extraction fans. Each unit has the provision for parking except the main dwelling that has access to the double lock up garage situated at the rear of the property. All rental units meet the Healthy Homes Standards.
All the units are tidy and are tenanted on a periodic basis with a current yield of over $150,000 per annum. Figures current from October 2024 less expenses and based on full occupancy. We are still experiencing a shortage of rental properties in Kaitaia.
The property has been well maintained with high occupancy rates and under strict property management with Ray White Kaitaia.
There is potential to add to the income stream by renovating the self contained unit attached to the main house.
Centrally located in Kaitaia close to local schools, supermarket and other amenities. Formerly a motel now utilised for transitional emergency housing. Currently zoned residential under the Kaitaia Operative District Plan.
This property is suitable for seasoned investors or those looking to start their real estate portfolio.
Don't miss out on this lucrative opportunity!
For Sale By Tender - Closing 29 November 2024 @ 4.00pm. (Unless Sold Prior).
Contact Diane Weaver today to arrange your appointment to view or request and Information Pack.
Explore the area
School catchments
- Kaitaia Intermediate Intermediate Years 7-8 State 0.42km
- Pompallier Catholic School Full primary Years 1-8 State integrated 0.79km
- Kaitaia College Secondary Years 9-15 State 1.5km
- Kaitaia School Primary Years 1-6 State 1.5km
- TKKM o Pukemiro Composite Years 1-15 State 1.7km
- TKKM o Tūtūtarakihi Full primary Years 1-8 State 2.3km
- Oturu School Full primary Years 1-8 State 3.0km
- Te Rangi Aniwaniwa Composite Years 1-15 State 5.1km
- Pukepoto School Primary Years 1-6 State 7.0km
- Awanui School Primary Years 1-6 State 7.6km
- Pamapuria School Full primary Years 1-8 State 8.9km
- Tumanako Christian College Composite Years 1-15 Private 9.7km
- Paparore School Primary Years 1-6 State 10.2km
- Kaingaroa School (Kaitaia) Full primary Years 1-8 State 11.4km
- Ahipara School Full primary Years 1-8 State 11.9km
- Herekino School Full primary Years 1-8 State 17.8km
- Te Rito - Te Kura Taiao Composite Years 1-15 Charter 19.8km
- Broadwood Area School Composite Years 1-15 State 21.1km
- Taipa Area School Composite Years 1-15 State 22.6km
- Te Kura Taumata o Panguru Composite Years 1-15 State 32.3km
- Te Kura o Mātihetihe Composite Years 1-15 State 36.6km
- Te Kura Kaupapa Māori o Hokianga Composite Years 1-15 State 42.8km
- Ngataki School Composite Years 1-10 State 44.8km
- Whangaroa College Secondary Years 7-15 State 48.1km
- Opononi Area School Composite Years 1-15 State 48.3km
- Okaihau College Secondary Years 7-15 State 52.0km
- Te Kura o Te Kao Composite Years 1-15 State 57.0km
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.
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Contact Diane Weaver
Contact Diane Weaver
Diane Weaver
3-5 North Road, Kaitaia 0410
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Diane Weaver
3-5 North Road, Kaitaia 0410