1,2,3/54 Pihanga Street

Calling property investors

If you are looking and getting into property investment, here is your opportunity. Presenting three 60sqm (more or less) units, all in excellent condition and currently managed and tenanted under Westerman Property Management, with a consistently low vacancy rate.
A quick glance in to the three units: all three offer the same facilities throughout featuring two bedrooms and one bathroom. Units 1 and 3 have large garden/outdoor areas, while Unit 2 offers its own peaceful, smaller patio area.

Unit 1 currently earns a rental of $440.00 per week. This unit sits closest to the road. It also features one car space near the front door.
Unit 2 currently earns a rental of $380.00 per week, it offers its own garden area and a car space at the end of the driveway.
Unit 3 currently earns a rental of $375.00 per week and offers a car space at the end of the driveway with a separate garden area.
Combined, the total gross return sits around the $62,000 mark per annum.

The block of units are within walking distance to Central Taupo town. The proximity to town enhances its appeal, making it an excellent investment opportunity* with strong rental demand.
The Taupo township has proved significant growth in the last five years. The tourism industry along with hospitality is strong, rental properties and opportunities such as these will always be sought after.

Please note, the property is to be sold as a whole and not on an individual basis.

*Subject to the property complying with the Residential Tenancies Amendment Act 2020, effective 1 July 2019 for the purposes of a rental investment.