Rare Multi Unit Housing Offering Over 8% Gross

A rare four unit residential complex originally built in 1983 as a residential care facility and since converted to rental accommodation. Comprising 3 tidy two bedroom units and a spacious five (+office) bedroom house at the rear. This property offers a variety of comfortable living options to ensure ease of tenanting. This property has been completely modernized and upgraded to meet the current Healthy Homes Standards.

Accessing the site is easy with a well maintained concrete driveway providing access to onsite parking for each unit. The units are in a prime central location within easy walking distance to the Onerahi shopping center, medical facilities, the local primary school, and a nearby bus stop. In a sunny location with filtered views of Whangarei Harbour and easy access to harbourside beaches.

Sitting on level land, this is a prime opportunity to invest in a residential rental property, with potential for growth.

Key Highlights:
- versatile multi unit complex,
- convenient central Onerahi location,
- on site parking for residents,
- privacy screen fencing between units,
- flat easy care site,
- medium density zoning,
- current rental $113,880 per annum,
- possible further development options (subject to conditions).

For sale by fixed price - $1,390,000 incl GST.

Don't miss out on this exceptional opportunity, contact John 0272 808 980 or Megan 027 346 4194 to arrange a viewing.