Listed: Thu, 23 Apr

Set-and-Forget Investment with Excellent Tenants!

13A and 13B Gillies Street, Outer Kaiti, Gisborne, Gisborne

Asking price $679,000

4 Beds
2 Baths
75m² Floor
898m² Land

Other Features

2 Off-street parking

Attribute	Value
Property type	Unit
Capital value (CV)	$471,000
Parking	2 carports
Agency reference	TA3152
Broadband in the area	Fibre, ADSL, Satellite, Wireless

Positioned down a private right-of-way driveway, this property offers excellent privacy, complete with a secluded backyard and a sunny front deck.

Over 8% Return
Both units are tenanted with tidy, reliable tenants paying $570 per week each, on fixed-term agreements until September 2026
Tenancy agreements are professionally managed, and the tenants have indicated they would like to stay on
Combined potential return of approximately $1,140 per week
Insurance is $5,562.75 for both units, policy available upon request
Upgrades include new carpet, new heat pump in both units, freshly painted, new kitchen in back unit
Both units have returned negative meth test results; report available upon request
Healthy Home compliant reports & tenancy inspection reports available
Positioned outside of the flood zone as indicated on the Gisborne District Council (GDC) website
Power meters are separated
In excellent condition, fully fenced with carport
GDC Rates:$7,080.99 per year
Insurance: $TBA

Contact us today to request the information pack and a copy of the Sale and Purchase Agreement, and submit your offer, either cash or subject to your due diligence.

Open home times

No times scheduled

Property Files

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Request the files from Shannon.

These property files are supplied by the agent and Trade Me Limited has no responsibility for the completeness or accuracy of the property files

Local Schools

IN ZONE ilminster intermediate
70 De Lautour Road
1.2 km
Intermediate (Intermediate), State, 302 enrolled
IN ZONE te wharau school (gisborne)
28 Graham Road
1.4 km
Contributing (Primary), State, 328 enrolled
IN ZONE kaiti school
517 Wainui Road
1.6 km
Contributing (Primary), State, 404 enrolled

IN ZONE campion college
Campion Road
6.3 km
Secondary (Year 7-13) (Intermediate & Secondary), State : Integrated, 472 enrolled
UNZONED waikirikiri school
7 Pickering Street
972 m
Full Primary (Primary & Intermediate), State, 209 enrolled
OUT OF ZONE wainui beach school
56 Wairere Road
2.5 km
Contributing (Primary), State, 242 enrolled
OUT OF ZONE gisborne central school
7 Central Street
2.7 km
Contributing (Primary), State, 357 enrolled
UNZONED tūranga tangata rite
154 Kahutia Street
3.2 km
Secondary (Year 9-13) (Secondary), State : Integrated, 21 enrolled
OUT OF ZONE mangapapa school
5 Rua Street
3.9 km
Contributing (Primary), State, 421 enrolled
OUT OF ZONE gisborne intermediate
156 Roebuck Road
4.1 km
Intermediate (Intermediate), State, 541 enrolled
UNZONED awapuni school (gisborne)
129 Awapuni Road
4.2 km
Contributing (Primary), State, 282 enrolled
UNZONED gisborne boys' high school
80 Stanley Road
4.3 km
Secondary (Year 9-13) (Secondary), State, 824 enrolled
UNZONED gisborne girls' high school
555 Gladstone Road
4.5 km
Secondary (Year 9-13) (Secondary), State, 703 enrolled
UNZONED te kura kaupapa maori o horouta wananga
30 Desmond Road
4.6 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State, 165 enrolled
UNZONED lytton high school
347 Nelson Road
5.6 km
Secondary (Year 9-13) (Secondary), State, 619 enrolled
UNZONED tkkm o nga uri a maui
349 Nelson Road
5.8 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State, 206 enrolled
UNZONED sonrise christian school
138 Potae Avenue
6.3 km
Composite (Year 1-13) (Primary, Intermediate & Secondary), State : Integrated, 134 enrolled

While we've done our best to correctly list schools in this location, school zone information may not be exact, so please double check with the school.