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Lodge Real Estate, (Licensed: REAA 2008)
Neil Archer Neil Archer

2 & 4 Takahe Street & 54 Massey Street, Frankton

Price by negotiation

Listing Description

Listed: Thu, 17 Jul

Four Homes, Three Titles, 2,630sqm Corner Site

2 & 4 Takahe Street & 54 Massey Street, Frankton, Hamilton, Waikato

Price by negotiation

Details

  •   3 Beds
  •   1 Bath
  •   1 Living area
  •   2630m² Land
AttributeValue
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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Lodge Real Estate, (Licensed: REAA 2008)
Neil Archer

Neil Archer


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Agent's details

Neil Archer
Gemma Lewell

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Lodge Real Estate, (Licensed: REAA 2008)

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