A modernised 3 bedroom villa and a 2 bedroom unit sitting on a freehold 1,012m² site in Gisborne. Tenanted at $1,285 per week delivering an 8% yield and approximately $300 per week positive cashflow after expenses.
This is a strong, high-yield dual income property with significant future value-add potential through subdivision. Surveyors Grant & Cook Ltd have carried out a desktop feasibility and suggested an easy two lot subdivision - front and back rentals with options to add rooms and bathrooms for future rent increases.
A strong, reliable addition to any investment portfolio with immediate cashflow from day one.
| Purchase price | By negotiation |
| Weekly rental income | $1,285 pw |
| Annual gross income | $66,820 pa |
| Gross yield | 8.0% |
| 3 bedroom house | $735 pw |
| 2 bedroom unit | $550 pw |
| Floor area | 166m² |
| Land area | 1,012m² |
| Bedrooms total | 5 |
| Bathrooms | 2 |
| Rates | $4,070 pa |
| Insurance | $2,602 pa |
| Cashflow positive | $300 pw |
Gisborne is New Zealand's easternmost city with a strong agricultural and horticultural economy driving consistent rental demand. The region offers some of NZ's best rental yields relative to purchase price, making it an attractive market for cashflow-focused investors.
Low vacancy rates and affordable entry prices combine to produce yields that are difficult to replicate in the main centres.