Five Investment Units - First time on Market for 26 Years
• Five units comprising 4 x 2 bedroom units and 1 x 1 bedroom unit.
• One car park per unit.
• Two cross lease fee simple titles comprising a total land area of 1,169m²
Conveniently located to Rotorua's CBD, supermarkets, schooling and bus stops are these five tidy units situated on two cross lease fee simple titles comprising a total land area of 1,169m².
The front two units; consisting of a one-bedroom unit and a two-bedroom unit, were built in circa 1930's with the current owners completing significant upgrades and modernisation to keep them up to today's standards, including electrical rewiring, part insulation, paint throughout, heat pumps and re-roofing the property. The rear three two-bedroom units were built in the 1970's and are of brick, tile and aluminium construction, and also have been looked after with pride by the vendors, with all having been re plumbed, insulated and with heat pumps installed in each unit. Units three and four have been recently repainted throughout the interior.
Every unit has space for a carpark out the front, with the five tenancies being a periodic agreement, returning $47,840 per annum gross. The property is fully tenanted with long term tenants making this their home, some have stayed for 13 years.