1,2 and 3/447 Palmerston Road

Gisborne Gisborne

80 m²

1012 m²

Unit

Currently for sale - view listing

Overview

Three income streams on separate titles

A rare opportunity to secure all three flats at 447 Palmerston Road as one investment block. Featuring: - Each unit is on a separate title, offering flexibility and long-term value - Renovated throughout with new kitchens and bathrooms - Extremely tidy and well-presented properties in excellent condition - All 3 units are Healthy Homes compliant for peace of mind and easy compliance - All units are currently tenanted with tenants keen to stay on - Central Gisborne location close to the township and local amenities - Each flat includes its own dedicated parking bay - This block is professionally managed by The Agency Property Management, making for a smooth and hands-off investment. Do the maths, then make your move: Weekly Rental Income Flat 1: $570 Flat 2: $550 Flat 3: $550 Total Weekly Rent: $1,670 per week Annual Rental Income: $1,670 × 52 weeks = $86,840 per annum Rates: $4,106.70 incl GST per unit Total GDC Rates: $12,322.80 per annum RV / Indicative Price Expectation: $1,296,000 Contact Karyn or Shannon today for the full information pack, including the Sale & Purchase Agreement.