Whoppatunity: Investment Property on CBD Fringe
Located in a sought-after area just minutes from the CBD and Waikato Stadium, this property presents a compelling investment opportunity. The offering includes five studio units, each with a solid tenant base, ensuring a stable income stream of $60,000 per annum.
The property sits on a substantial 622sqm of residential high land, providing significant potential for both renovation and redevelopment. While the current condition requires some tender loving care, this presents a valuable chance to enhance the property's value or explore new development possibilities.
The vendors are highly motivated to sell, making this a timely opportunity for investors.
For more information or to arrange a viewing, please contact us. This is a prime chance to invest in a high-potential asset in a popular area, don’t miss out!
Location: Prime position, close to the CBD and Waikato Stadium.
Property Details:
5 Studio Units: Each with a solid tenant base.
Land Size: 622sqm of residential high land.
Income: Generating $60,000 per annum.
Condition: Needs TLC - potential for renovation or development.
Vendors: Motivated to sell.
For Sale
$1,300,000
Property ID:
EHV18527
Legal Description:
Lot 5, DP33796
Exterior Construction:
Concrete
Roof:
Longrun
Joinery:
Aluminium
Land Area:
623 square metres (approx)
House Area*:
220 square metres (approx)
Bedrooms:
5
Chattels:
Curtains, Fixed Floor Coverings, Heat Pump x5, Light Fittings, Stove (Electric)
*Please note: the floor area and property information was sourced from Property Guru and/or LINZ.
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