A unique Taupo residential investment opportunity that demands serious consideration.
With current annual gross rental income of circa $121,000 (potential rent increases should take this to about $125,000 pa) this property requires your attention. On offer are nine two-bedroom units, each on their own cross lease title. The units are fully tenanted with the nine tenants providing an excellent spread of risk. The tenants love living here and want to remain. The current shortage of residential rental properties in Taup? means you should have no problems replacing tenants should they leave. Tucked away in a peaceful nook off the main road the tenants enjoy a quiet place to live. Each unit has its own fully fenced private outdoor area and seven out of the nine units have their own carport and storage space.
The 60m² (more or less) units have a heat-pump, two bedrooms, open plan living dining and kitchen, one bathroom and a separate laundry. Favoured with great natural light, some units have polished concrete flooring and others have carpet.
The units are being sold in groups of three so you could acquire 3, 6 or all 9 units. The vendor has owned these units for a number of years and has recently decided to sell, providing you with an opportunity not to be missed.
Prime opportunities of this calibre are rare. Close to town, schools, local shops and the lakefront this is likely to be one of the largest group unit sales currently on the market in New Zealand.
Don’t let this pass you by…others won’t!
Call Hugh Milloy now for further information or to register your interest. 021 901 390
Ref #: 216324
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