457 High Street

Motueka Tasman

276 m²

766 m²

House

Currently for sale - view listing

Overview

Triple Income Investment

New to the Market. Positioned in a convenient and popular part of Motueka, this well-established investment property presents a fantastic opportunity to secure a multi-income asset with strong rental appeal. The property comprises three attached flats, two driveways and shared lawn area`s, offering tenants both independence and comfort. This setup is highly attractive in the rental market and supports consistent occupancy. Each flat is well laid out and features: Two double bedrooms and one single bedroom Functional open-plan kitchen, dining, and living areas Bathroom with shower, vanity, and dedicated laundry facilities Constructed in the early 1990s, the building is fully permitted and includes firewalls between units, providing peace of mind for both owner and tenants. Each flat is fitted with separate power meters, allowing for straightforward management and individual billing. Additional features include: Reliable town water supply and sewerage Easy-care sections with individual outdoor spaces One flat includes a cosy pot belly fire for added comfort Solid, low-maintenance construction ideal for long-term ownership Located within close proximity to local schools, shops, and the town centre, this property is ideally situated to attract and retain tenants, making it a dependable addition to any investment portfolio Investment Highlights Three income streams from self-contained flats Strong tenant demand in a central Motueka location Good rental returns with scope to increase over time Individually metered utilities simplify management and maximise returns Proven layout that appeals to families and long-term renters Potential to add value through cosmetic upgrades or rent optimisation Whether you're an experienced investor looking to expand your portfolio or seeking a reliable, income-generating property, this is an opportunity not to be missed. Contact Graham Fielding today to arrange your viewing. Please note, 48 hours’ notice is required for afternoon viewings, Sunday viewings are not available.