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Rotorua Central, 1410 Hinemoa Street

Six Units 5.9% return, but potential for more

Contact agent for more information

  • 9
  • 6
  • 6
  • 4
Sold
Sold
Listing Number: RT190914
About this listing

SOLD - This listing was sold in November 2019.

Attention Investors. 100 per cent occupancy rate from long term tenants. There is potential to increase the rents, with formal rental appraisals of the one-bedrooms being $190-$220 per week (up to $250 per week if tidied up) and the two-bedrooms being $220-$250 per week (up to $290 per week if tidied up).

Currently receiving $1275 per week in total. The rates are $7,028.92 pa in total. These six solid units consist of three, two bedroom units and three, one bedroom units and are all constructed of concrete blocks.

Situated within walking distance to town is a real plus for the tenants.
Property Information
  • Land Size: 1012 sqm
  • Property Type: Block of units
  • Roof: Iron
  • Tenure: Freehold
  • Tenure Detail: Section 11 Block LXVII Town of Rotorua
  • Construction: Block
  • Joinery: Aluminium
  • Chattels remaining: Fixed floor coverings, Light fittings, Drapes, Upright Stove x6
  • Kitchen: Open plan, Upright stove and Finished in Laminate
  • Main bathroom: Separate shower
  • Laundry: In bathroom
  • 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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