Legal Home & Income on Subdividable Cornersite 1014m2

 


Large 235m2 two storey, three bedroom home and one bedroom minor dwelling  located on a huge 1014m2 corner site on Great South Road. Lower level of main house could be converted to 2 extra rooms and lounge or extra income as it has a bathroom.

Currently rented for $545pw + $315pw ($860pw) with potential to increase rent to $600pw + $340pw ($940pw) this property provides excellent cashflow.

Great development potential with 1,014m2 Land Zoned Mixed Housing Urban and being a corner site with access from 2 roads. Theres also stormwater onsite making subdivision easier.

 

*  Legal Home & Income
*  3 Bedroom House rented $545pw – could be increased to $600pw
*  1 Bedroom Minor Dwelling rented $315pw – could be increased to $340pw
*  1,014m2 Corner site Zoned Mixed Housing Urban
*  Development Potential

 

Price by Negotiation
Registered Valuation:  $960,000

Building:  235m2 House + 36m2 Minor dwelling
Land:  1014m2
Bedrooms:  3 House – 1 Minor
Bathroom:  2 House – 1 Minor
Rates:  $2,797.74
Rental Appraisal:  $545pw + $315pw ($860pw or $44,720pa)
Rental Appraisal:  $600pw + 340pw ( $940pw or $48,880pa)

 

 

 

 

Get in touch today to find out more information and to make an appointment to view.

Shane Carruthers

E:   shane@cashflowproperty.co.nz
M:  021 182 6547
P:   09 215 6202

Other

Price
By Negotiation  
Valuation or CV
$960,000  
Gross Yield
5.5%  
Rental Income
$940pw  
Bedrooms
3 + 1  
Bathrooms
1 + 1  
Land Size
1,014m2  
Dwelling size
235m2 + 36m2  
Rates
$2,797.74  
Property ID
238  

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