Options abound with this property. Live on site while renovating to increase returns; buy, hold and upgrade to gather in the capital gain; demolish and redevelop; they all equal upside through rental growth.
Great future potential currently returning $1,575 per week. Periodic tenancies provide flexibility in shuffling tenants if required. Five units, consisting of 1 x 3 bedroom, and 4 x 2 bedroom. All units have been Healthy Home assessed with heating and ventilation now upgraded.
Sited on a 1,012sqm (more or less) freehold title, with zoning being residential intensification, developers will easily envisage the scope available to create a residential development to take advantage of the city's high demand for housing. Holding income is well catered for.
This location is very attractive with the development of the new Ruakura Superhub a short distance away, close proximity to Waikato University, Waikato Innovation Park and Ruakura Research Centre, plus a variety of convenience stores, including The Warehouse. It's just a short drive to the popular retail and food precinct of Hamilton East, and sports grounds aplenty serve the area. Bus stops in either direction provide easy access to the greater part of the city reducing the need for a vehicle. A choice of primary and secondary schooling supports the neighbourhood.
For further information and to register your interest for a viewing, contact us today. Explore this opportunity now!
Open homes will be Sunday 27 February 2.30pm-3pm, and Sunday 6th March 2.30pm-3pm.
For Sale by Deadline Private Treaty closing 4pm, Thursday 17 March 2022 (unless sold prior).
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