Location: 4 Liberton Place, Tokoroa
Land Area: 984m2 (Freehold)
Current Rent: $440 per week (tenanted)
Rental Appraisal: $500 per week
Bedrooms: 3
Compliance: Healthy Homes Compliant
Reduction $449,000 now $429,000
This is a prime opportunity for savvy investors seeking strong rental returns and long-term capital growth. Perfectly positioned just a short walk from Tokoroa's CBD, this 984m2 freehold property offers not only a charming 3-bedroom bungalow but also exciting subdivision potential.
The existing home is well-maintained and currently tenanted at $440 per week, with an excellent tenant eager to stay on-providing immediate and stable rental income. An independent appraisal estimates the rental potential at $500 per week.
Key Investment Highlights
Subdivision Potential
Unlock the value of the generous land size by exploring subdivision or development options (subject to council approval), and significantly boost future capital gains.
Opportunity to Build
There is high demand for quality 4-bedroom homes in Tokoroa. Adding a modern, family-sized dwelling to the rear could increase your rental yield and long-term value.
Strong Tenant Demand
This property has a proven occupancy record, reflecting the high demand for rental housing in the area. A solid investment with reliable returns.
Healthy Homes Compliant
The existing dwelling meets all Healthy Homes Standards, ensuring a safe, comfortable, and legally compliant residence for tenants.
The Bottom Line
Whether you're looking to landbank, develop, or expand your rental portfolio, 4 Liberton Place offers a rare blend of stability and potential. With excellent location appeal, strong current income, and exciting development prospects, this is a must-see for investors ready to take the next step.
Contact Greig for viewing times - 027 4916 901
Disclaimer - All prospective purchasers shall complete their own due diligence, seek legal and expert advice, and satisfy themselves with respect to information supplied during the marketing of this property, including but not limited to: the floor and land sizes, boundary lines, underground services, along with any scheme plans or consents.
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