


Listing Description
Four Homes, Three Titles, 2,630sqm Corner Site
2 & 4 Takahe Street & 54 Massey Street, Frankton, Hamilton, Waikato
Price by negotiation
Details
Attribute | Value |
---|---|
Property type | House |
Agency reference | LR6289 |
Description
A rare CBD fringe opportunity exists here, offering a unique and strategic opportunity to secure four homes across three titles, sitting on a combined landholding of 2,630sqm (approx.), all being sold together.
This prime corner site offers the ideal blend of holding income, future development potential, and value-add opportunity. With three homes currently rented and one previously returning $26,000 p.a., there's room to increase yield while planning for the future.
2 Takahe Street & 56 Massey Street (1 Title - 807sqm) * Two modern 3-bedroom homes * White kitchens, modern bathrooms, stainless appliances, heat pumps, neutral decor * 2 Takahe Street:- returning $28,600 p.a. * 56 Massey Street:- returning $31,395 p.a.
54 Massey Street (918sqm) * Two-bedroom + sunroom and modern bathroom * Large double garage + workshop + carport & two garden sheds * Three heat pumps, potential to add value -returning $28,600 p.a.
4 Takahe Street (905sqm) * Previously rented at $26,000 p.a. * Three bedrooms, recently painted with modern carpet * Kitchen and bathroom, potential to update. * Separate toilet, heat pump * Generous backyard ideal for an auxiliary dwelling (subject to council approval)
Current total return: approx. $88,595 p.a. (Approx $114,595 p.a, when all rented) Total land area: 2,630sqm (more or less) To be sold together - one purchaser, three titles
Landbank now, add auxiliary dwellings for more income, update and improve returns in potential rent or sale. With location, land size, and rental income, this is a smart strategic move.
Close to the CBD, public transport, schools, and local amenities. High-growth area with long-term development appeal. Contact us today for the info pack and property details. This is an investment that delivers now - and sets you up for what's next.
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