$20,000 reduction in Tokoroa | $675,000

8% gross yield and $20,000 deduction was $695,000 now $675,000 An investment opportunity offering strong returns, low maintenance, and immediate positive cash flow.

Positioned on 809m² (more or less) of freehold land, 56 Fergusson Street, Tokoroa comprises two income-producing flats on one Title.

With an independent registered valuation of $710,000 and a current CV of $595,000, this property delivers an impressive annual income of $53,300. An independent rental appraisal suggest upward movement with the rental income

Flat A

• 2 bedrooms
• Open-plan living
• Carport with own driveway entrance
• Currently rented at $440 per week

Flat B

• 2 Bedrooms & three carpeted 'utility' rooms (two with wardrobes)
• Spacious open-plan living, plus 2nd Lounge

Large carport with own driveway entrance, plus fenced back yard

• Currently rented at $585 per week

Located among quality family homes and within easy reach of local amenities and multiple schools, the property provides a desirable living environment for tenants. .

Professionally managed and well-maintained, this is an ideal acquisition for both absentee investors and local buyers seeking a strong-performing asset.

An in-demand property from prospective tenants, which is demonstrated by the property's high occupancy rate, thus creating a hassle-free investment.

Healthy Homes compliant.

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