Develop or Invest

Very popular Whitiora location, featuring a three bedroom home with heat pump and 2x2 bedroom brick units with a double carport. Zoned Residential High (RH) this 1012m2 section does offer further development potential. Currently returning approximately $48,600 gross p.a, with the units rented at $270 per week and rent appraisal on the house at $395 per week. There are several development options with this property, which may include demolishing everything and starting again. Removing the house only and building additional apartments, or even building above the 2 existing units (if possible) to increase there size and re-sale ability. The existing units are very tidy, and would on sell as a pair very easily.

Call me now to discuss the options

Don Sargent 027 766 0080