Mahere Papa
Kihini
Ngā Rūma Moe
This property consists of a 3 bedroom house of 131sqm, with carport and separate back street entry. The front of the property is positioned on the main tourist route of the West Coast, with two shop fronts and ATM machine. The ATM machine and one shop is tenanted. All buildings are neat with significant recent upgrades.
? Residence rented on long lease with yearly gross rental of $16,120
? ATM & Shop 1 yearly gross rental of $19,611
? Multiple income streams
? Shop 2 currently vacant
? Current gross rental yield of 8% with income growth potential
? Zoned: Local Business
? Yearly council rates approx. $3,708
? Yearly Tas Water $1,372 approx.
? Land size approx. 911m2 and total building size of 514sqm
? Town water & sewer serviced
? Built in 1930
? Recently renovated for compliance
Call Jenelle to discuss further, or to organise an inspection.
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 1.40 km | 4 | 1 | 101m2 | 2024 12 17 | $188,000 | Council approved | |
 | 0.17 km | 3 | 1 | -m2 | 2024 10 06 | - | Council approved | |
 | 8.46 km | 3 | 1 | 101m2 | 2024 10 03 | $150,000 | Council approved | |
 | 7.51 km | 3 | 1 | 93m2 | 2024 09 10 | $160,000 | Council approved | |
 | 0.16 km | 0 | 0 | -m2 | 2024 08 28 | - | Council approved |