180 Old Farm Road
Hamilton East, Hamilton City
Hamilton East, Hamilton City
SOLD
8
4
Investment With An Upside
This property has loads of potential.
We have 2 x 2 bedroom ground level units, built in the 1960's, and attached to theses units is a block of 2 x 2 bedroom concrete block flats, built in the early 1970's. Each tenancy has its own carport.
The property is in need of some TLC, however this is where the potential is. With a refurb, the rental potential is in excess of $70,000 gross per annum. Currently fully tenanted and returning a modest income of $48,100 per annum. The land has a High density zoning, so there may be a strong case for unit Titles in the future.
Viewing will be by appointment only, so contact me to make a time to view.
We have 2 x 2 bedroom ground level units, built in the 1960's, and attached to theses units is a block of 2 x 2 bedroom concrete block flats, built in the early 1970's. Each tenancy has its own carport.
The property is in need of some TLC, however this is where the potential is. With a refurb, the rental potential is in excess of $70,000 gross per annum. Currently fully tenanted and returning a modest income of $48,100 per annum. The land has a High density zoning, so there may be a strong case for unit Titles in the future.
Viewing will be by appointment only, so contact me to make a time to view.
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Don Sargent
Licensee Salesperson - Team Boleyn
Ray White Hamilton City
