Investment and or Development

A fantastic opportunity exists here for an investor looking to possibly build an additional duplex (2 units) on the 1011m section, next to the existing duplex (2x2 bedrooms units). The rent from the existing units is the bonus here with each unit currently tenanted by long term tenants who want to stay on. Current rents are below market rent, however a rental appraisal of $260 to $280 per week makes this proposition way more appealing. Alternatively the units could be moved off and a total new development (2x duplexes) of four dwellings built in their place.
Opportunities like this are not an everyday occurrence, so if you are interested in looking at all the options with this property you should "Call Me Today", Don Sargent 027 766 0080.

Deadline Sale closes 1pm 25th July 2017 at Ray White Real Estate, 91 Victoria Street Hamilton.