1-6/73 Primrose Street

Frankton Waikato

Other

Currently for sale - view listing

Overview

High Yield Investment Opportunity on Primrose

Astute investors will immediately recognise the value in this unique multi-unit development, offering strong returns and future upside. Set on a combined land area of 1518m², this offering includes six freehold titles with the following site areas. Unit 1 264m², Unit 2 204m², Unit 3 268m², Unit 4 344m², Unit 5 228m² and Unit 6 210m². Tenanted and was returning $162,760 per annum, projected income $171,600 to $177,840 approximate, this is a proven income-generating asset with potential to further enhance returns over time. Constructed with low maintenance in mind, all units feature brick exteriors, double glazed aluminium joinery and tile roofing. Each is Healthy Homes compliant, providing peace of mind for ongoing tenancy. Each unit of approximately 85m² offers two double bedrooms, a modern kitchen and spacious open plan living. Internal access garaging with automatic doors is complemented by additional off-street parking, ensuring strong tenant demand. The location is highly convenient, within walking distance to local shops, Dinsdale Shopping Centre, parks, schools, childcare and public transport, with easy access to the CBD and expressways. Ideal as a long-term hold or land bank opportunity, this is a rare chance to secure a complete investment package in a popular rental area. This long held family estate is seriously for sale and will be offered as a whole. If not sold in one lot, the option to purchase individual units may be considered. Contact me today to arrange a private viewing.