Invest wisely for your future passive income in one of our most highly sought-after locations close to all Hokowhitu amenities and walking distance to Massey University. This is a superb investment property with a $40,000 gross rental income per year rental appraisal and the added value of a 736 sqm (more or less) sub-dividable section. Realise the incredible benefits of a sun-drenched north facing sub-dividable section with the future option to build one nice home for yourself or two new townhouses. Hokowhitu land is becoming more scarce and more valuable year after year. This large nine double bedroom 1950's home has been converted into three separate rental flats. All flats are full serviced with kitchens, bathrooms and toilets and are on separate meters. Flat A) ground level three double bedrooms; Flat B) upper level with views, four double bedrooms; Flat C) upper level with balcony, two double bedrooms. Invest wisely for your family's future as a family trust or collective group of investors. A well-built solid concrete boundary fence is already in place and with two separate section entry points you have the perfect ingredient for two sections if you want to develop.
Auction 1.00 pm 26 February 2020 (unless sold prior)
BNZ Partners Centre - 203 Broadway Ave, Palmerston North