sold
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Sold Property
$820,000
Tim Harris Harcourts Cromwell
Calling all developers and investors, we have an exciting opportunity for you! On offer are two rental streams situated on one freehold title in a highly sought-after location.
There is 1x 2-bedroom flat and a 1x 2 bedroom/office flat, returning a combined rental income of $710 p/w. With both tenants on a periodic tenancy but keen to stay on this allows you to take advantage of this weekly cash flow.
Situated on an approx. 933 sqm corner site and being zoned Residential Suburban Density Transition (RSDT) adds to the appeal and provides multiple options for the astute developer.
Completing the package is the schooling zones, including Cashmere High and Somerfield School. Whether you choose to help your kids into their first home and rent the other flat out, build your rental portfolio or landbank for future development in this increasingly popular area, this is a smart investment.
Our vendors have enjoyed the consistent income from this property, but it is now time for them to move on. Opportunities like this seldom come by and we anticipate interest to be high. This will be sold on or before auction day. Contact us NOW for more information.
To download the information pack, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/property/MVE6881
Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.
Property ID: #MVE6881
Office
Licensed under REAA 2008
Sold Property
Calling all developers and investors, we have an exciting opportunity for you! On offer are two rental streams situated on one freehold title in a highly sought-after location.
There is 1x 2-bedroom flat and a 1x 2 bedroom/office flat, returning a combined rental income of $710 p/w. With both tenants on a periodic tenancy but keen to stay on this allows you to take advantage of this weekly cash flow.
Situated on an approx. 933 sqm corner site and being zoned Residential Suburban Density Transition (RSDT) adds to the appeal and provides multiple options for the astute developer.
Completing the package is the schooling zones, including Cashmere High and Somerfield School. Whether you choose to help your kids into their first home and rent the other flat out, build your rental portfolio or landbank for future development in this increasingly popular area, this is a smart investment.
Our vendors have enjoyed the consistent income from this property, but it is now time for them to move on. Opportunities like this seldom come by and we anticipate interest to be high. This will be sold on or before auction day. Contact us NOW for more information.
To download the information pack, copy and paste the following link into your browser: https://www.propertyfiles.co.nz/property/MVE6881
Please be aware that this information may have been sourced from REINZ/Property Smarts/Land Information New Zealand/ The relevant local authority/Cera and we have not been able to verify the accuracy of the same.
Property ID: #MVE6881
Tim Harris Harcourts Cromwell
Office Harcourts Merivale Licensed under REAA 2008
If you like what you see, but know you'll need to sell before buying, why not find out what you could be sitting on today with an instant Digital Property Appraisal, highlighting the market value including the recent sales, rental history, suburb insights and more.
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