Ray White Invercargill
Real Estate Agents
- Listing #:
- INV34577
- Listed:
- 6 days ago
Auction (prior bids considered)
Thu 9th Apr 12:00am
High-Yield Investment Opportunity!
35 Queens Drive, Richmond, InvercargillResidential House
-
- 5 Bedrooms
-
- 3 Bathrooms
-
- 3 Toilets
-
- 260m2 Floor Area
-
- 812m2 Land Area
About this property
Auction: 12:00pm, Thursday 9 April 2026 @ Ray White Auction Rooms, 33 Arena Avenue, Invercargill (prior bids considered)Building Report Available - To be sold As Is Where Is.
This property comprises three flats on an 812 sqm section, with a total floor area of approximately 260 sqm.
• 2 x two bedroom flats
• 1 x one bedroom flat
• Currently returning $1,020 per week
• All units are heated by heat pumps
This represents a strong yield opportunity for investors seeking solid returns. The property has been rented as three flats since 2014, consisting of two two-bedroom units and one one-bedroom unit.
The property does have deferred maintenance. Weatherboards and windows will require attention in the future. The main roof appears to be in good order from a visual inspection. The two flats on the left-hand side contain scrim, and prospective purchasers should discuss insurance options with their provider.
Beyond the rental return, the land value presents future potential. The 812 sqm site in this location is worth consideration for long-term holding.
Positioned in a convenient area, directly across the road from a park and just a short walk to Queens Park. Woolworths supermarket is nearby, with approximately a 10-minute walk to the city centre and Southern Institute of Technology.
This is a high-yielding property in a strong location, with upside for those prepared to undertake improvements.
For further information, including comparable land sales or rental details, get in touch. Private viewing only - call for a booking.
Disclaimer - This property is being sold by auction and therefore a price guide can not be provided. 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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