Sold
1 Kindergarten Street,
Tokoroa, South Waikato District
Price withheld
Property details
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Agents
Ray White Manurewa: A T Realty Limited Licensed (REAA 2008)
182 Great South Road, Manurewa Manukau City 2102
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3 BRICK UNITS WITH A TWIST TOKOROA - $950,000
Purpose-built for longevity, where the outcome is good cash flow with capital growth.
The property comprises of 2 large 2-bedroom units, plus 1 large 3-bedroom unit, nestled on a proud corner site of 903m2 freehold land. The current rental income of $1,050 per week is okay, but an independent rental appraisal for the 3 bedroom $490.00 pw and the 2 bedroom units $440.00 pw each, suggests a rental income per week $1,370.00 equating the a massive annual rental income $71,240.00.
THE TWIST - There is the option to reconfigure the three-bedroom unit to a 2 bedroom unit and generate an extra one-bedroom unit. Bringing in an extra $350.00 pw.
An in-demand property from prospective tenants, which is demonstrated by the property's high occupancy rate, thus creating a hassle-free investment. Perfect acquisition for an absentee investor or local investor. The property represents uncomplicated real estate, be the proud owner.
Please allow 48 hours notice for viewing times as all units are tenanted
Disclaimer -This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.
The property comprises of 2 large 2-bedroom units, plus 1 large 3-bedroom unit, nestled on a proud corner site of 903m2 freehold land. The current rental income of $1,050 per week is okay, but an independent rental appraisal for the 3 bedroom $490.00 pw and the 2 bedroom units $440.00 pw each, suggests a rental income per week $1,370.00 equating the a massive annual rental income $71,240.00.
THE TWIST - There is the option to reconfigure the three-bedroom unit to a 2 bedroom unit and generate an extra one-bedroom unit. Bringing in an extra $350.00 pw.
An in-demand property from prospective tenants, which is demonstrated by the property's high occupancy rate, thus creating a hassle-free investment. Perfect acquisition for an absentee investor or local investor. The property represents uncomplicated real estate, be the proud owner.
Please allow 48 hours notice for viewing times as all units are tenanted
Disclaimer -This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.
Explore the area
School catchments
- Tokoroa Central School Primary Years 1-6 State 0.24km
- Tokoroa High School Secondary Years 9-15 State 0.41km
- Tokoroa Intermediate Intermediate Years 7-8 State 0.67km
- David Henry School Primary Years 1-6 State 0.96km
- Bishop Edward Gaines Catholic School Full primary Years 1-8 State integrated 1.2km
- Strathmore School Primary Years 1-6 State 1.3km
- Tokoroa North School Primary Years 1-6 State 1.5km
- TKKM o Te Hiringa Composite Years 1-15 State 1.7km
- Forest View High School Secondary Years 9-15 State 1.9km
- Cargill School Primary Years 1-6 State 2.0km
- Tainui Full Primary School Full primary Years 1-8 State 2.1km
- Amisfield School Full primary Years 1-8 State 2.2km
- Lichfield School Primary Years 1-6 State 13.8km
- Te Waotu School Full primary Years 1-8 State 17.6km
- Mangakino School Full primary Years 1-8 State 18.2km
- Putāruru Primary School Primary Years 1-6 State 19.7km
- St Mary's Catholic School (Putāruru) Full primary Years 1-8 State integrated 20.9km
- Te Wharekura o Te Kaokaoroa o Patetere Composite Years 1-15 State 21.4km
- Putāruru College Secondary Years 7-15 State 21.5km
- TKKM o Hurungaterangi Composite Years 1-15 State 33.0km
- John Paul College Secondary Years 7-15 State integrated 33.1km
- Western Heights High School Secondary Years 9-15 State 33.3km
- Rotorua Girls' High School Secondary Years 9-15 State 33.7km
- Rotorua Boys' High School Secondary Years 9-15 State 34.0km
- Te Rangihakahaka Centre for Science and Technology Composite Years 1-10 State 34.1km
- TKKM o Te Koutu Composite Years 1-15 State 34.3km
- Rotorua Lakes High School Secondary Years 9-15 State 39.5km
- Te Wharekura o Ngāti Rongomai Composite Years 1-15 State 40.2km
- TKKM o Ruamata Composite Years 1-15 State 42.5km
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
1 Kindergarten Street, Tokoroa 3420
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Greig Kirby
1 Kindergarten Street, Tokoroa 3420