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Edgecumbe

1 Kauri Street, Edgecumbe, Whakatane

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3 Bedrooms
3 Lounges
3 Bathrooms
3 Offstreet

For Sale by Negotiation

High cash flow, low risk


Very well maintained by the same landlord for over thirty years, this low-risk investment block is ready for new ownership with recent Healthy Homes upgrades complete. Offering three well presented residential units, all with good tenants in place who would be keen to stay on.

Built with solid concrete block, each tidy unit boasts a spacious bedroom, living area leading out to a concreted patio area, functional kitchen and bathroom with shower and toilet. The outdoors consists of a garden shed and single carport, and the grounds are currently maintained by the landlord. New heat pumps and insulation have been installed along with two new hot water cylinders.

Situated within close proximity of the Riverslea Mall offering tenants a very convenient location. Edgecumbe is a town in the Bay of Plenty of the North Island of New Zealand, located 20 minutes to the west of Whakatane, one hour from Rotorua and Tauranga, and only eight kilometres south of the Bay's stunning coastline.

Providing a good rental return of $810 per week, this is an ideal opportunity for investors, trusts or families wanting extra cash flow. Anchor your financial future here!


Features Include:

•Three solidly built units
•Good tenancies in place
•Recent Healthy homes upgrades
•Convenient location close to amenities
•Good rental return of $810 per week
•Low risk investment opportunity

Rhys Mischefski AREINZ

Rhys Mischefski AREINZ


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008
Mikaela Pinkerton

Mikaela Pinkerton


Success Realty Ltd, Bayleys,
Licensed under the REA Act 2008

Features

Dwelling


Three well-presented residential units with recent Healthy Homes upgrades

Location


Edgecumbe, minutes from Whakatane

Opportunity


Investment opportunity providing a good rental return