Two Income Property in Prime Rotorua Location

Two tidy three bedroom houses in awesome location. Spacious family house + new three bedroom cottage. Recently returning 8.3% (gross yield). This deal will appeal to investors who are more fussy about their location and potential tenants. Close to stadium, golf course and all forms of schooling. Few minutes drive from town. It is very unusual to get good yielding properties in this kind of location!

Rental Status: Main house currently tenanted for $265p/w. New house recently rented for $250p/w (vacant due to being on market) Estate: Freehold

This property with two three bedroom dwellings in excellent Rotorua location may represent a great opportunity for the investor who is prepared to sacrifice a little bit of yield in order to get into a great rental location. The main property is approx 100m2 floor area and looks to be circa 1960's construction of weatherboard and iron roof. The secondary dwelling is a versatile or ideal garage type of construction and only a few years old. Both dwellings are very separate from each other and enjoy privacy with their own outdoor living spaces. Both have their own driveways. There is a double garage which is currently rented with the house. The cottage has a parking pad in front of the dwelling. Due to minimal time on this contract I will be uploading on this site more info as it becomes available over the next few days. This will include written rental appraisals and an indication on what the registered valaution would be.