13 Kauri Street

FOUR UNITS APPRAISED 9% TOKOROA $895,000

A classic and unique block of units, a purpose-built investment with northerly aspects, built for longevity, where the outcome is passive rental income with capital growth.

13 Kauri Street Tokoroa - the property features four large 2-bedroom units, nestled on 809m2 freehold land. Each unit is complemented with a single carport and off-street parking. Lovely northerly easy-care grounds provide the occupants with a warm environment in which to live.

This property presents a rare opportunity for investors to add value, a little TLC would make this property a little gem. Good stable tenants, but the annual rental income is very low. An independent rental appraisal of $370 -$390 per week per unit equates to an annual rental income of $81,120 and a massive 9% gross yield. It's a banker's delight.

Situated in the popular northern catchment of Tokoroa, the property is an easy commute to all local amenities, schools, social clubs and Tokoroa's CBD

An in-demand property from prospective tenants is shown by the property's high occupancy rate, where long-term tenants are the norm. Thus, creating a hassle-free investment. The perfect acquisition for an absentee investor or local investor.

Please note: The tenanted units will require a minimum of 24 hours to arrange viewings, there will be no exceptions to this requirement.

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.