Mahere Papa
A genuine opportunity to purchase a great investment. This extremely affordable block of 4 x 2 bedroom units generating $59,800 per annum in income plus a separate vacant allotment gives scope for value adding.
805 sq metre allotment with 4 x 2 bedroom units
805 sq metre titled block
THE DETAILS:
Unit 1 - $320 per week lease expiring 23/5/2025 Refurbished
Unit 2 - $320 per week lease expiring 8/8/2025 Refurbished
Unit 3 - $280 per week periodic lease
Unit 4 - $280 per week periodic lease
Total rent of $1,200 per week ($62,400 per annum)
Vacant allotment with scope for building either one dwelling for owner occupation or multiple dwellings for rental income (all subject to council approval).
Contact Andrew Pearce on 0419 544 251 for an inspection
Wāhi Tiriti | Tawhiti | Tau Rūma Moe | Tau Rūma Horoi | Rohe Whare | Wā Hokona | Utu Hokona | Pūtake Raraunga | |
|---|---|---|---|---|---|---|---|---|
 | 0.53 km | 3 | 1 | 226m2 | 2024 11 20 | - | Council approved | |
 | 0.13 km | 3 | 2 | -m2 | 2024 10 22 | - | Council approved | |
 | 0.16 km | 2 | 1 | -m2 | 2024 09 17 | - | Council approved | |
 | 0.15 km | 0 | 0 | -m2 | 2024 08 06 | $275,000 | Council approved | |
 | 0.13 km | 3 | 1 | -m2 | 2024 08 04 | $430,000 | Council approved |