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Fordlands, 1 Wrigley Road

Investors. 6% Return. Potential to increase Return

$249,000

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Listing Number: RT181208
About this listing
One, two bedroom property and one, one bedroom property on a large 1052 square metre section. There is potential to add another dwelling, subject to Council Approval.
Both properties are rented at $155 and $135 per week. As both properties currently stand, the formal Rental Appraisal is $210 to $240 per week for the two bedroom property and $120 to $150 per week for the one bedroom property. Higher returns can be obtained once the rents are increased to market value.

On top of this, if some renovation is completed (which is needed) there is an opportunity to increase the rents even further. An opportunity not to be missed.

Please contact me.
Property Information
  • Land Size: 1052 sqm
  • Property Type: House
  • Roof: Iron
  • Tenure: Freehold
  • Property condition: Fair
  • Construction: Weatherboard
  • Joinery: Timber
  • Flooring: Vinyl
  • Window coverings: Drapes
  • Heating / Cooling: Electric
  • Chattels remaining: Fixed floor coverings, Light fittings, Drapes, Upright Stove x2
  • Living area: Open plan, Formal lounge
  • Main bathroom: Shower over bath
  • Views: Urban
  • Aspect: North
  • Fencing: Partial
  • Land contour: Flat
  • Grounds: Overgrown
  • Water supply: Town supply
  • Sewerage: Mains
  • Locality: Close to transport, Close to shops, Close to schools

Contact Details

Harcourts Rotorua

ETB Realty Ltd

Licensed REAA 2008

1198 Whakaue Street
Rotorua
Office website

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