13B Gillies Street

Outer Kaiti Gisborne

75 m²

898 m²

Block of units

Currently for sale - view listing

Overview

Set-and-Forget Investment with Excellent Tenants!

Positioned down a private right-of-way driveway, this property offers excellent privacy, complete with a secluded backyard and a sunny front deck. - Over 8% Return - Both units are tenanted with tidy, reliable tenants paying $570 per week each, on fixed-term agreements until September 2026 - Tenancy agreements are professionally managed, and the tenants have indicated they would like to stay on - Combined potential return of approximately $1,140 per week - Insurance is $5,562.75 for both units, policy available upon request - Upgrades include new carpet, new heat pump in both units, freshly painted, new kitchen in back unit - Both units have returned negative meth test results; report available upon request - Healthy Home compliant reports & tenancy inspection reports available - Positioned outside of the flood zone as indicated on the Gisborne District Council (GDC) website - Power meters are separated - In excellent condition, fully fenced with carport - GDC Rates:$7,080.99 per year - Insurance: $TBA Contact us today to request the information pack and a copy of the Sale and Purchase Agreement, and submit your offer, either cash or subject to your due diligence.