Investor’s Choice: 10% yield. Three blocks of units in Whanganui

Kotare Street, Aramoho, Wanganui
Price: $1,000,000

Price by negotiation (Big discount for all three) 4 x 3 x 3 = Three standalone blocks of units. Redecorated AND all Fully Tenanted AND all in the same street. Rental Income: $1960 pw ($770 +$ 575 + $615 pw) Rates: $17,934 p.a.($ 7,133 + $5344 + $5457 pa) Bedrooms: 30 (4 x 3 x 3) * 3 Bathrooms: 10 (4 x 3 x 3) * 1 Building Area: 1030 m2 (420 + 320 + 290) Section Area: 4996 m2 (1764 + 997 + 2235) Year Built: 1960's Three blocks of units, each on their own title. Each block is made up of 4 or 3 units and each unit has 3 bedrooms. Here's an opportunity to own almost the whole short street.

These blocks were ex-State housing and together with other properties in the street have been well maintained giving the street a tidy appearance. Each flat has the living dining kitchen areas downstairs and upstairs is 3 bedrooms with bathrooms, all with showers over the bath. These units are in good condition, some units have been painted on the inside, hard wood floors polished, back yards individually fenced for privacy and children to play. Plenty of off street parking in the front of the property. Kotare Street is approx 5 minutes drive to Wanganui CBD. Easy access to all levels of schooling and a 2 minute walk to the main bus route into town. PS: The photos are approximately one year old. Details: 1-7 Kotare Street, Aramoho, Wanganui Price - Price by negotiation 1960’s ex state housing block of 4 units on one title.

All units are 3 bedrooms, 1 bathroom each. Solid construction. 420m2 building size. Land size 1764m2 Rents are: 1 Kotare St - $195pw. 3 Kotare St - $185pw. (being raised to $195pw). 5 Kotare St - $195pw. 7 Kotare St - $195pw Total = $770pw Rates: $7,133.05 p.a. 9-13 Kotare Street, Aramoho, Wanganui Price - Price by negotiation 1960’s ex state housing block of 3 units on one title. All units are 3 bedrooms, 1 bathroom. Solid Construction. 320m2 building size. Land size 997m2. Rents are: 9 Kotare - $195pw. 11 Kotare - $185pw. (being raised to $195pw) & 13 Kotare - $195pw. Total = $575pw Rates are: $5,343.67 p.a. 14-18 Kotare Street, Aramoho, Wanganui Price - Price by negotiation 1960’s ex state housing block of 3 units on one title. All units are 3 bedroom, 1 bathroom. Rents are: 14 Kotare - $205 pw. 16 Kotare - $205 pw. 18 Kotare $205 pw. Total = $615 pw. Building Size 290m2, Land Size 2235m2. Rates are: $5,457.35 p.a.

Contact us (Mark Honeybone 021 402 990 or Kate Han 0278150800) today to take advantage of these cashflow positive investments.

Property Summary
Rooms:30 bedrooms, 10 bathrooms
Area:House area: 1030 sq. m, Land area: 4996 sq. m
Rates:$17,934 per year
Rent:Currently tenanted, $1,960 rental per week
Gross Yield:10%
Property ID:1906
Seller Details
Name: Mark Honeybone
Phone: 03-5777086
Mobile: 021-402990
Email: Contact the seller »
Website: www.propertyventures.co.nz/
« Go back to listings
Site by PHP Developer