21 Biggar Street

Strathern Southland

2456 m²

Other

Currently for sale - view listing

Overview

11 Unit High Yield Portfolio

This is a rare opportunity to secure a high performing investment portfolio in Invercargill, offering strong returns and long term stability. Comprising 11 well maintained units, this portfolio has delivered a proven track record of performance over the past 10 years and is perfectly positioned for investors seeking consistent cashflow with minimal upkeep. Currently generating approximately $250,000 per annum, it represents an attractive, high yield addition to any property portfolio. Constructed in 2016, each unit features two double bedrooms, a bathroom and an open plan kitchen and living area. All units are Healthy Homes compliant and equipped with double glazing and heat pumps, ensuring tenant comfort year round while keeping maintenance requirements low. The property offers ample off street parking and is conveniently located close to local shops, schools and the hospital, making it highly appealing to tenants. Each unit is approximately 64sqm, with a total floor area of around 709sqm, all set on a generous 2,456sqm section. Chattels included in the sale are stoves, dishwashers, rangehoods, floor coverings, drapes, and furniture. Opportunities like this are seldom available - secure a reliable, income generating asset in a strong rental market today. Please note: Land and Floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e Regional/City councils, Propertysmarts/REINZ/Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.