With spacious outdoor living areas, sunny aspect and the bus stop right outside, it's an ideal spot for the tenants. With a new 3-year head lease in place with the right to renew for a further 3 year period, it gives you as close to certainty as you can get. Its year one income stream is $211,900 with a 2% yearly increase. Ie in year three the income increases to $220,460.

The future potential to subdivide and separate the 16 units (resource consent already granted), gives you good options moving forward.

An extensive information pack is available and viewing is strictly by appointment, so contact Lane Sievwright for further details.

Web iD: DO10597
Approximate land area: 2995m²
Approximate floor area: 630m²
Rateable value: $1,350,000
Rates (DCC): $24218.75
Rates (ORC): $578.66