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ID#568236
Tokoroa
South Waikato
$950,000
6
3
3
300m²
(3,229.17 sq.ft.)
903m²
(9,719.8 sq.ft.)
proudly marketed by
Greig Kirby
Ray White Ellerslie
3 UNITS WITH A TWIST TOKOROA - $950,000
Lovely property, built for longevity, where the outcome is good cash flow with capital growth.
The property comprises of 2 large 2-bedroom units, plus 1 large 3-bedroom unit, nestled on a proud corner site of 903m2 freehold land. The current rental income of $1,050 per week is okay, but an independent rental appraisal for the 3 bedroom $490.00 pw and the 2 bedroom units $440.00 pw each, suggests a rental income per week $1,370.00 equating the a massive annual rental income $71,240.00.
THE TWIST - There is the option to reconfigure the three-bedroom unit to a 2 bedroom unit and generate an extra one-bedroom unit. Bringing in an extra $350.00 pw.
An in-demand property from prospective tenants, which is demonstrated by the property's high occupancy rate, thus creating a hassle-free investment. Perfect acquisition for an absentee investor or local investor. The property represents uncomplicated real estate, be the proud owner.
Please allow 48 hours notice for viewing times as all units are tenanted
Disclaimer -This property is being sold by auction or without a price and therefore a price guide can not be provided. The website may have filtered the property into a price bracket for website functionality purposes.
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.
Agent
Greig Kirby
Ray White Ellerslie
Licensed Real Estate Salesperson (REAA 2008), Member of the REINZ
The award-winning team at Ray White Ellerslie have added another arrow to their mighty quiver, with top-performing salesperson, Greig Kirby. With over 26 years of experience, you can confidently call Greig an authority. With over $300 million in sales, you could also call him your property’s greatest asset.
Starting out in the insurance industry as an insurance agent, Greig quickly adopted the principles of sales, finance, communication and customer service, before moving into his chosen vocation. Greig has sold countless residential properties, but notably specialised in residential investment property. His proficiency earned him the nickname of “The Flat Specialist”, and a portfolio brimming with units/flats from Whanganui to Kaitaia.
A testament of Greig’s reputation, a remarkable 75% of Greig’s business comes directly from past clients and referrals. Greig believes in building productive long-term relationships and securing prime outcomes for his clients.
Consequently, Greig has amassed an extensive database permitting him to make connections between buyers and vendors, often before your property has time to reach the market.
Few people remain in one career so long without genuine passion. Greig agrees, commenting: I love it when clients simply say “thank you”. Citing a strong work ethic and unrelenting consistency, Greig also shares the following philosophy: “I refuse to compromise on the truth”.
Not slowing down...
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