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Listed over 3 years ago

ID#360190

Judea

Tauranga City
$1,600,000
0
0
428
1,224
* 428m²=4,607 sq.ft.   1,224m²=13,175 sq.ft. (0.12 Ha)

TAURANGA - SECURE INCOME STREAM

A block of 10 Studio units plus 3 bedroom house (ex motel) fully occupied providing a regular and secure income stream grossing $143,500pa on current rentals with potential for further growth. The land is in 3 titles giving additional future options. Rateable value $1,664,000

The property is well located minutes to the Judea light industrial area and on the direct bus route to the central city. Adjacent to the property is a new 7,724m2 residential development which is already sold out off the plans. Tauranga is NZ's fifth largest city forming the Golden Triangle with Auckland and Hamilton and continues to experience substantial population and economic growth.

The overseas vendors are cashing up this multi tenanted "cash cow" providing a real opportunity for investors who are looking for a regular and steady return on their investment. Particularly at a time of uncertainty in the equities market and record low return on bank deposits.

The price listed is inclusive of GST

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Agent

Russell Maxwell

Land Agents 2007

Licensed Real Estate Agent (REA 2008), AREINZ, He mema o REINZ

This property was photographed by

Alta van Blerk

BOP

CAA Part 102 Certified

Listed over 3 years ago

ID#360190

Judea

Tauranga City
$1,600,000
proudly marketed by
Russell Maxwell AREINZ
Land Agents 2007
Russell
021 721 012
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