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Listing Description

Listed: Mon, 4 Mar

Split Risk Multi Unit Accommodation Investment

10 Faraday Street, Hospital Hill, Napier, Hawke's Bay

Price by negotiation

Details

  •   632m² Floor
  •   1391m² Land
AttributeValue
Property use
Industrial
Capital value (CV)
$3,200,000
Agency reference
NA23986

Description

  • 12 units (8x2 bedroom & 4x1 bedroom)
  • $314,080 gross income
  • Healthy Home Compliant
  • Outstanding Location
  • Two freehold titles
  • On site parking
  • 1401m2 approx land

Superbly located just a few minutes walk from the Napier CBD is this outstanding & well maintained multi unit accommodation property which is fully tenanted and returning an impressive $314,080 per year.

The tenants love the location for ease of access to supermarkets, dairies, bus stops and fast food.

There's no end in sight with the demand for rental accommodation and with the risk being split across 12 units, this investment will tick most, if not all boxes for the savvy investor.

Make no mistake, this is a rare opportunity, and properties like this don't come up very often.

Our vendor is motivated to sell, and your earliest inspection is recommended.

For further information contact the sole agent Shannon Caldwell on 021879337.


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Agent's details

Enquire about the property

Harcourts Napier - Regent Realty Ltd, (Licensed: REAA 2008)

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