Sold
11 Billah 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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Chattels
- Rangehood
- Extractor Fan
- Light Fittings
- Floor Covers
- Curtains
5 x 2 BRM UNITS, TOKOROA - $1,100,00 NEG
A Classic Investment Opportunity! Inquiries over $1,100,000
This is a chance you'll never regret - especially when you're purchasing a property with fantastic potential for refurbishment. Grab your paintbrush and unlock the rewards! This property offers a solid foundation for both positive cash flow and long-term capital growth.
The property features 5 purpose-built 2-bedroom units, proudly positioned on a prime corner with excellent street appeal, set on a 1,184m² freehold land parcel. Each unit has its own private courtyard for added convenience and privacy.
Currently fully tenanted, the property generates a weekly rental income of $1,900, equating to an impressive $98,800 annually. Following refurbishment, an independent rental appraisal suggests a potential rental income of $420-$450 per week per unit, which could boost total annual income to $117,000. This equates to a remarkable 10.64% Gross Yield, making it a standout opportunity for investors.
The property is highly sought after by tenants, as evidenced by its consistently high occupancy rate. This ensures a hassle-free investment with ongoing demand.
Viewing by Appointment Only - 24 hours' notice required as all units are tenanted.
For more information or to schedule a viewing, contact:
Greig Kirby - 027 491 6901
Sally Wong - 021 224 7798
Disclaimer - 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.
This is a chance you'll never regret - especially when you're purchasing a property with fantastic potential for refurbishment. Grab your paintbrush and unlock the rewards! This property offers a solid foundation for both positive cash flow and long-term capital growth.
The property features 5 purpose-built 2-bedroom units, proudly positioned on a prime corner with excellent street appeal, set on a 1,184m² freehold land parcel. Each unit has its own private courtyard for added convenience and privacy.
Currently fully tenanted, the property generates a weekly rental income of $1,900, equating to an impressive $98,800 annually. Following refurbishment, an independent rental appraisal suggests a potential rental income of $420-$450 per week per unit, which could boost total annual income to $117,000. This equates to a remarkable 10.64% Gross Yield, making it a standout opportunity for investors.
The property is highly sought after by tenants, as evidenced by its consistently high occupancy rate. This ensures a hassle-free investment with ongoing demand.
Viewing by Appointment Only - 24 hours' notice required as all units are tenanted.
For more information or to schedule a viewing, contact:
Greig Kirby - 027 491 6901
Sally Wong - 021 224 7798
Disclaimer - 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 North School Primary Years 1-6 State 0.49km
- Tokoroa Central School Primary Years 1-6 State 0.87km
- Tokoroa High School Secondary Years 9-15 State 1.2km
- David Henry School Primary Years 1-6 State 1.2km
- Tokoroa Intermediate Intermediate Years 7-8 State 1.3km
- Forest View High School Secondary Years 9-15 State 1.3km
- Bishop Edward Gaines Catholic School Full primary Years 1-8 State integrated 2.0km
- Strathmore School Primary Years 1-6 State 2.3km
- TKKM o Te Hiringa Composite Years 1-15 State 2.4km
- Tainui Full Primary School Full primary Years 1-8 State 2.8km
- Cargill School Primary Years 1-6 State 2.9km
- Amisfield School Full primary Years 1-8 State 3.2km
- Lichfield School Primary Years 1-6 State 12.9km
- Te Waotu School Full primary Years 1-8 State 16.7km
- Mangakino School Full primary Years 1-8 State 18.6km
- Putāruru Primary School Primary Years 1-6 State 18.8km
- St Mary's Catholic School (Putāruru) Full primary Years 1-8 State integrated 20.0km
- Te Wharekura o Te Kaokaoroa o Patetere Composite Years 1-15 State 20.5km
- Putāruru College Secondary Years 7-15 State 20.6km
- TKKM o Hurungaterangi Composite Years 1-15 State 33.4km
- John Paul College Secondary Years 7-15 State integrated 33.6km
- Western Heights High School Secondary Years 9-15 State 33.6km
- Rotorua Girls' High School Secondary Years 9-15 State 34.2km
- Rotorua Boys' High School Secondary Years 9-15 State 34.4km
- Te Rangihakahaka Centre for Science and Technology Composite Years 1-10 State 34.5km
- TKKM o Te Koutu Composite Years 1-15 State 34.8km
- Rotorua Lakes High School Secondary Years 9-15 State 40.0km
- Te Wharekura o Ngāti Rongomai Composite Years 1-15 State 40.7km
- TKKM o Ruamata Composite Years 1-15 State 42.9km
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.
Find out how much home loan repayments will be
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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.
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Contact Greig Kirby
Contact Greig Kirby
Greig Kirby
11 Billah Street, Tokoroa 3420
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Greig Kirby
11 Billah Street, Tokoroa 3420