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Listed about 7 hours ago

ID#579986

1,2,3/54 Pihanga Street,

Taupō Town

Taupo
$1,100,000
3
3

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.

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Agent

Mike Toothill

Taupo Westerman Realty Ltd

Licensed Real Estate Salesperson (REAA 2008), AREINZ, Member of the REINZ

After stepping into real estate in Palmerston North in 1982, Mike Toothill has turned what started as a career into a lifestyle. His easy manner and ability to quickly build rapport have won many friends and brought considerable success.

Mike has certainly made his mark in Real Estate, qualifying as a Branch Manager in 1994, gaining AREINZ status the following year, and successfully running his own company as a licencee prior to joining Bayleys in 2007

Looking back, he says, most of his friends he has made through real estate transactions. Clients trust him. Sellers and purchasers appreciate the fact, he is a stickler for the absolute truth. He has honed his skills to be able to negotiate the best deal possible and always aims to achieve a win/win situation where both seller and the purchaser come out feeling happy. Consequently, purchasers return to him to sell their property. Ongoing referrals have generated an impressive network, assuring his longevity in the business.

A strong advocate of the electronic media for communications, he is forever seeking the edge for his client's property promotion. That involves the best quality photography and copywriting. No detail is overlooked in an effort to attain greater standards of professionalism.

For someone with excellent knowledge and skills who can make your property stand apart, Mike Toothill is the man!

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ID#579986

1,2,3/54 Pihanga Street,

Taupō Town

Taupo
$1,100,000
proudly marketed by
Mike Toothill AREINZ
Taupo Westerman Realty Ltd
Mike
021 995 428
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