Sold
16 Margaret Street,
Tokoroa, South Waikato District
Price withheld
Property details
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Agents
Ray White Ellerslie: Now Realty Limited Licensed (REAA 2008)
1/101 Main Highway, Ellerslie Auckland City 1051
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8.44% G Y - 3 UNITS -- Tokoroa - $795,000
A classic and tightly held block of units, proudly positioned on a sunny corner site. Constructed in enduring brick, this well-presented investment offers reliable passive income and strong long-term capital growth.
If you're seeking a seamless, set-and-forget opportunity, 16 Margaret Street, Tokoroa delivers exactly that. The property comprises three purpose-built two-bedroom units on a generous 852m² freehold section. Each unit includes a single carport, additional off-street parking, and enjoys attractive, low-maintenance northerly grounds-providing warm, comfortable living for tenants.
The rental income is consistent and effortless. An independent rental appraisal of $410-$430 per week per unit equates to an approximate annual return of $67,080, delivering an impressive 8.44 % gross yield-a true banker's delight.
The location is exceptionally convenient, offering easy access to local amenities, schools, social clubs, and Tokoroa's CBD. High occupancy levels and proven tenant longevity highlight the strong demand in this area, making this a low-stress, hassle-free investment-ideal for both absentee owners and local investors.
Please contact the listing agent for viewing times
Please note: As all units are currently tenanted, a minimum of 24 hours' notice is required for viewings.
If you're seeking a seamless, set-and-forget opportunity, 16 Margaret Street, Tokoroa delivers exactly that. The property comprises three purpose-built two-bedroom units on a generous 852m² freehold section. Each unit includes a single carport, additional off-street parking, and enjoys attractive, low-maintenance northerly grounds-providing warm, comfortable living for tenants.
The rental income is consistent and effortless. An independent rental appraisal of $410-$430 per week per unit equates to an approximate annual return of $67,080, delivering an impressive 8.44 % gross yield-a true banker's delight.
The location is exceptionally convenient, offering easy access to local amenities, schools, social clubs, and Tokoroa's CBD. High occupancy levels and proven tenant longevity highlight the strong demand in this area, making this a low-stress, hassle-free investment-ideal for both absentee owners and local investors.
Please contact the listing agent for viewing times
Please note: As all units are currently tenanted, a minimum of 24 hours' notice is required for viewings.
Explore the area
School catchments
- David Henry School Primary Years 1-6 State 0.61km
- Tokoroa Intermediate Intermediate Years 7-8 State 0.79km
- Tokoroa High School Secondary Years 9-15 State 0.82km
- Tokoroa Central School Primary Years 1-6 State 0.96km
- Forest View High School Secondary Years 9-15 State 0.98km
- Tokoroa North School Primary Years 1-6 State 1.0km
- TKKM o Te Hiringa Composite Years 1-15 State 1.8km
- Strathmore School Primary Years 1-6 State 2.0km
- Bishop Edward Gaines Catholic School Full primary Years 1-8 State integrated 2.1km
- Tainui Full Primary School Full primary Years 1-8 State 2.2km
- Cargill School Primary Years 1-6 State 2.4km
- Amisfield School Full primary Years 1-8 State 3.0km
- Lichfield School Primary Years 1-6 State 13.4km
- Te Waotu School Full primary Years 1-8 State 16.8km
- Mangakino School Full primary Years 1-8 State 17.9km
- Putāruru Primary School Primary Years 1-6 State 19.2km
- St Mary's Catholic School (Putāruru) Full primary Years 1-8 State integrated 20.5km
- Te Wharekura o Te Kaokaoroa o Patetere Composite Years 1-15 State 20.9km
- Putāruru College Secondary Years 7-15 State 21.0km
- TKKM o Hurungaterangi Composite Years 1-15 State 33.8km
- John Paul College Secondary Years 7-15 State integrated 34.0km
- Western Heights High School Secondary Years 9-15 State 34.1km
- Rotorua Girls' High School Secondary Years 9-15 State 34.6km
- Rotorua Boys' High School Secondary Years 9-15 State 34.8km
- Te Rangihakahaka Centre for Science and Technology Composite Years 1-10 State 34.9km
- TKKM o Te Koutu Composite Years 1-15 State 35.2km
- Rotorua Lakes High School Secondary Years 9-15 State 40.3km
- Te Wharekura o Ngāti Rongomai Composite Years 1-15 State 41.1km
- TKKM o Ruamata Composite Years 1-15 State 43.3km
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 Greig Kirby
Contact Greig Kirby
Greig Kirby
16 Margaret Street, Tokoroa 3420
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Greig Kirby
16 Margaret Street, Tokoroa 3420