Substantial residential investment opportunity


20A-20H Mayfair Street, Tauranga Central

Tender

Download Email
Substantial residential investment opportunity | 20A-20H Mayfair Street, Tauranga Central | 2500961 |      X Close
Image
Description

Substantial residential investment opportunity


- Eight well presented adjoining residential units

- Recently redecorated with new chattels

- Low maintenance construction with colorsteel cladding/roofing

- Site is positioned adjacent to inner Tauranga harbour

- Ideally suited to student accommodation use

This is a superb opportunity to secure a substantial residential investment comprising an attached block of eight units situated on seven Stratum in Freehold Titles that provide a very good standard of rental accommodation.

The property is presently professionally managed and leased to the University of Waikato providing strong tenant covenant with security of tenure and rental income. The units are rented on a per room basis that is overseen by a student accommodation representative who lives on site.

Astute investors will most certainly recognise this to be a very desirable medium to long term hold asset given the ongoing high demand for residential rental property and the sought after central Tauranga location of the site. A must to inspect!

Tenancy Details: Current annual gross rental of $365,560 / circa net rental $259,000. Full lease details available on request.

20A-20H Mayfair Street, Tauranga Central

Open in map