For sale
56 A&B Fergusson Street,
Tokoroa, South Waikato District
Asking Price $675,000
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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Duel-Income Tokoroa | $675,000
8% gross yield --$675,000 An investment opportunity offering strong returns, low maintenance, and immediate positive cash flow.
Positioned on 809m2; (more or less) of freehold land, 56 Fergusson Street, Tokoroa comprises two income-producing units on one Title.
Tokoroa is within an easy commute to six major towns/cities (Hamilton, Matamata, Te Awamutu, Cambridge, Rotorua & Taupo). It's in the central hub of the booming South Waikato and has a history of chronic rental property shortages.
Located among quality family homes and within easy reach of local amenities and multiple schools, the property provides a desirable living environment for tenants. .
With an independent registered valuation of $710,000 and a current CV of $595,000, this property delivers an impressive annual income of $53,300. An independent rental appraisal suggests upward movement in the rental income
Unit A
• 2 bedrooms
• Open-plan living
• Carport with own driveway entrance
• Currently rented at $440 per week
Unit B
• 2 Bedrooms & three carpeted 'utility' rooms (two with wardrobes)
• Spacious open-plan living, plus 2nd Lounge
Large carport with own driveway entrance, plus fenced backyard
• Currently rented at $585 per week
Professionally managed and well-maintained, this is an ideal acquisition for both absentee investors and local buyers seeking a strong-performing asset.
An in-demand property among prospective tenants, as demonstrated by the property's high occupancy rate, thus creating a hassle-free investment.
Healthy Homes compliant.
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Positioned on 809m2; (more or less) of freehold land, 56 Fergusson Street, Tokoroa comprises two income-producing units on one Title.
Tokoroa is within an easy commute to six major towns/cities (Hamilton, Matamata, Te Awamutu, Cambridge, Rotorua & Taupo). It's in the central hub of the booming South Waikato and has a history of chronic rental property shortages.
Located among quality family homes and within easy reach of local amenities and multiple schools, the property provides a desirable living environment for tenants. .
With an independent registered valuation of $710,000 and a current CV of $595,000, this property delivers an impressive annual income of $53,300. An independent rental appraisal suggests upward movement in the rental income
Unit A
• 2 bedrooms
• Open-plan living
• Carport with own driveway entrance
• Currently rented at $440 per week
Unit B
• 2 Bedrooms & three carpeted 'utility' rooms (two with wardrobes)
• Spacious open-plan living, plus 2nd Lounge
Large carport with own driveway entrance, plus fenced backyard
• Currently rented at $585 per week
Professionally managed and well-maintained, this is an ideal acquisition for both absentee investors and local buyers seeking a strong-performing asset.
An in-demand property among prospective tenants, as demonstrated by the property's high occupancy rate, thus creating a hassle-free investment.
Healthy Homes compliant.
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Inspections
Explore the area
School catchments
- David Henry School Primary Years 1-6 State 0.28km
- Tokoroa Intermediate Intermediate Years 7-8 State 0.62km
- Tokoroa High School Secondary Years 9-15 State 0.78km
- Forest View High School Secondary Years 9-15 State 1.0km
- Tokoroa Central School Primary Years 1-6 State 1.2km
- Tokoroa North School Primary Years 1-6 State 1.4km
- TKKM o Te Hiringa Composite Years 1-15 State 1.5km
- Strathmore School Primary Years 1-6 State 1.9km
- Tainui Full Primary School Full primary Years 1-8 State 1.9km
- Cargill School Primary Years 1-6 State 2.1km
- Bishop Edward Gaines Catholic School Full primary Years 1-8 State integrated 2.2km
- Amisfield School Full primary Years 1-8 State 2.9km
- Lichfield School Primary Years 1-6 State 13.8km
- Te Waotu School Full primary Years 1-8 State 16.9km
- Mangakino School Full primary Years 1-8 State 17.5km
- Putāruru Primary School Primary Years 1-6 State 19.6km
- St Mary's Catholic School (Putāruru) Full primary Years 1-8 State integrated 20.8km
- Te Wharekura o Te Kaokaoroa o Patetere Composite Years 1-15 State 21.3km
- Putāruru College Secondary Years 7-15 State 21.4km
- TKKM o Hurungaterangi Composite Years 1-15 State 34.0km
- John Paul College Secondary Years 7-15 State integrated 34.2km
- Western Heights High School Secondary Years 9-15 State 34.3km
- Rotorua Girls' High School Secondary Years 9-15 State 34.8km
- Rotorua Boys' High School Secondary Years 9-15 State 35.0km
- Te Rangihakahaka Centre for Science and Technology Composite Years 1-10 State 35.2km
- TKKM o Te Koutu Composite Years 1-15 State 35.4km
- Rotorua Lakes High School Secondary Years 9-15 State 40.5km
- Te Wharekura o Ngāti Rongomai Composite Years 1-15 State 41.3km
- TKKM o Ruamata Composite Years 1-15 State 43.6km
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
56 A&B Fergusson Street, Tokoroa 3420
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Greig Kirby
56 A&B Fergusson Street, Tokoroa 3420