1/51 Louisa Street, Gladstone, Invercargill, Southland

Some investments demand your time and attention. This one doesn't. Flat 1 at 51 Louisa Street is a tidy, low-maintenance concrete block unit sitting on a quiet, tree-lined street in Gladstone — the kind of street where tenants settle in and stay. Currently returning $340 per week, it's earning from day one with no heavy lifting required.

Gladstone is a practical, well-connected suburb and this spot in particular ticks the boxes - set well back from the road, north-facing, and close to everyday amenities. Concrete block construction means minimal exterior maintenance, and with a new roof already in place, the big-ticket items have been taken care of.

Inside the Unit:

• Spacious living room with high stud ceiling
• Separate kitchen with upper cabinetry and tiled floor
• One bedroom with built-in wardrobe storage
• Combined bathroom/laundry with toilet, basin, and washing machine space

Outside:

• Recently replaced roof
• North-facing aspect with good natural light
• Shared off-street parking
• Set well back from the road on a quiet, tree-lined street
• Own crosslease title

This is one of three units on the site, each being sold separately (Flat 3 is sold) - so you can start with one and add more if the numbers stack up. Whether you're a seasoned investor or just getting started, this is about as straightforward as property investing gets.

Out of respect for our tenant's privacy, we won't be holding open homes for this property. Private viewings are welcome and easily arranged - just get in touch.

Make the smart move - contact me today to arrange a viewing.

Please be aware that this information may have been sourced from RPNZ/ Property Guru/ Land Information New Zealand/ Local Council and we have not been able to verify the accuracy of the same. Refer to our Passing Over of Information Statement at: https://www.smr.co.nz/passing-over-of-information Smart Move Residential is Powered by Agent X (2021) Ltd - Licensed Agent REAA 2008