Ray White Invercargill
Real Estate Agents
- Listing #:
- INV34556
- Listed:
- 10 days ago
Enquiries over $999,000
Investment Opportunities!
1-8/57 Kana Street, Mataura, GoreOther
-
- 16 Bedrooms
-
- 8 Bathrooms
-
- 630m2 Floor Area
-
- 1,629m2 Land Area
About this property
Amazing opportunity here for the investor who is willing to put in the hard yards and achieve the potential of this amazing freehold property.Comprising eight units,
2 one-bedroom
4 two-bedroom
2 three-bedroom
Plus garages
Potential rents range from $300 per week up to $420 per week. Currently, there are three units occupied at a return of $950 per week, with one waiting on completion of a renovation. There is an Seismic report available with the NBS rating being 70%. Seven of the eight units have Healthy Home Certificates, though they could do with being updated. There is the possibility of a return of up to 14% gross yield once fully tenanted. Opportunities like this are rare, so not for the faint-hearted but great rewards at the end.
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. Land and floor area measurements are approximate, and boundary lines indicative only. All efforts have been made to source accurate information from reputable sources (i.e. Regional/City councils, Property-Guru, Core Logic etc). We cannot, however, verify its accuracy and suggest this should not replace independent clarification through standard due diligence.
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