1,2 and 3/447 Palmerston Road, City Centre, Gisborne, Gisborne

447 Palmerston Road presents an outstanding investment opportunity to purchase all three flats as one block. Each unit is held on a separate title, yet offered together, making this a rare and compelling proposition for savvy investors.

All three properties feature new kitchens and bathrooms, are extremely tidy, and are presented in excellent condition, allowing a new owner to invest with confidence and minimal immediate outlay. They are are Healthy Homes compliant and currently tenanted, with tenants who are happy to remain in place, providing immediate income certainty for a new owner.

The block is professionally managed by The Agency Property Management, ensuring a smooth, hands-off investment from day one. Current rental returns are as follows: Flat 1: $570 per week and Flat 2 & 3 are $550 per week and the rates are $4,106.70 Inc GST per unit.

Centrally located close to the Gisborne township, each unit includes its own parking bay, adding to tenant appeal. As an added bonus, the third unit offers space to add a cabin in the backyard (subject to council approval), providing potential for future income growth.

Contact Karyn or Shannon today for the full information pack which includes the Sale and Purchase Agreement to make an offer.