A rare opportunity to secure all three flats at 447 Palmerston Road as one investment block.
Featuring:
- Each unit is on a separate title, offering flexibility and long-term value
- Renovated throughout with new kitchens and bathrooms
- Extremely tidy and well-presented properties in excellent condition
- All 3 units are Healthy Homes compliant for peace of mind and easy compliance
- All units are currently tenanted with tenants keen to stay on
- Central Gisborne location close to the township and local amenities
- Each flat includes its own dedicated parking bay
- This block is professionally managed by The Agency Property Management, making for a smooth and hands-off investment.
Do the maths, then make your move:
Weekly Rental Income
Flat 1: $570
Flat 2: $550
Flat 3: $550
Total Weekly Rent: $1,670 per week
Annual Rental Income:
$1,670 × 52 weeks = $86,840 per annum
Rates:
$4,106.70 incl GST per unit
Total GDC Rates: $12,322.80 per annum
RV / Indicative Price Expectation: $1,296,000
Contact Shannon today for the full information pack, including the Sale & Purchase Agreement.
