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ID#601451
16 Margaret Street,
Tokoroa
South Waikato
$795,000
6
3
852m²
(9,170.84 sq.ft.)
proudly marketed by
Greig Kirby
Ray White Ellerslie
Classic Investment Units - Tokoroa - $825,000
A classic and tightly held block of units, proudly positioned on a sunny corner site. Constructed in enduring brick, this well-presented investment offers reliable passive income and strong long-term capital growth.
If you're seeking a seamless, set-and-forget opportunity, 16 Margaret Street, Tokoroa delivers exactly that. The property comprises three purpose-built two-bedroom units on a generous 852m² freehold section. Each unit includes a single carport, additional off-street parking, and enjoys attractive, low-maintenance northerly grounds-providing warm, comfortable living for tenants.
With stable, long-term tenants who wish to remain, the rental income is consistent and effortless. An independent rental appraisal of $410-$430 per week per unit equates to an approximate annual return of $67,080, delivering an impressive 8.13% gross yield-a true banker's delight.
The location is exceptionally convenient, offering easy access to local amenities, schools, social clubs, and Tokoroa's CBD. High occupancy levels and proven tenant longevity highlight the strong demand in this area, making this a low-stress, hassle-free investment-ideal for both absentee owners and local investors.
Please contact the listing agent for viewing times
Please note: As all units are currently tenanted, a minimum of 24 hours' notice is required for viewings.
Location
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...
read moreThis property was photographed by
Deanna Onan
Media Specialist
Rotorua
ID#601451
16 Margaret Street,
Tokoroa
South Waikato
$795,000
proudly marketed by
Greig Kirby
Ray White Ellerslie