Listing Description
No Management Fees, 6% Return And-Due To Increase
222 Clayton Road, Pukehangi, Rotorua, Bay Of Plenty
Enquiries over $565,000
Details
| Attribute | Value |
|---|---|
| Property type | House |
| Parking | 4 Parking Spaces |
| Smoke alarm | Yes |
| Agency reference | 12392 |
| Broadband in the area |
Description
Calling All Investors and Developers – Renovated, Tenanted & Full of Potential! This recently renovated property offers a compelling opportunity with strong returns and future development potential. Set on a generous 1,012sqm (more or less) flat section, there's little left to do — making it ideal for those seeking a turnkey investment or long-term project.
Renovated in 2023, featuring: New wiring and switchboard New carpet New oak flooring Modern kitchen Updated bathroom Fresh Interior and exterior paint New deck Compliant wood burner Healthy Homes compliant Master bedroom with ensuite Concrete pad ready for garaging
Tenancy & Income:
Currently leased on a 3-year term with a 3-year right of renewal (next renewal due 24/09/2027)
Returning $35,256 per annum, with a rent increase scheduled for 25/07/2025
NOT LEASED TO KAINGA ORA
Development Upside: With council consent, the flat and easy-care section provides excellent scope to investigate further development, adding value and flexibility to your portfolio.
Call Brooke Wood 022 1711 080 for more information.
