309 Willowpark Road South, Hastings Central, Hastings, Hawke's Bay

On offer is a freehold residential investment opportunity with great income from its six tenancies. Five of the 6 tenancies are on a lease to What Ever It Takes Trust (WIT) on periodic tenancies, this is a registered charity focused on the recovery of people experiencing mental health and addiction difficulties.   The property comprises a two-storey residential building and three standalone accommodation buildings. Recent renovations include bringing the property up to healthy homes standards including kitchen extractor fans, air-conditioning and underfloor insulation.   The property is located in Akina, Hastings approximately 2kms southeast of the central business district.   For sale by Deadline Private Treaty closing 3pm, Thursday 30 January 2025 (unless sold prior).   Contact Daniel Moffitt for an information memorandum or to arrange a time to view.

Features:

• 6 tenancies fully leased
• Healthy homes standards met
• Freehold land of c.893sqm
• Approx $137,800 gross income pa

More information: https://www.colliers.co.nz/p-NZL67032451