26 Simons Street, Moturoa, New Plymouth

Sound residential investment opportunity

Situated in the suburb of Moturoa and returning an annual income of $46,280 gross is a standalone block of flats. Positioned on a freehold title of 888sqm (more or less), there is four x two-bedroom flats with covered parking in a sun-drenched location.
With low maintenance 1970's construction, the property has been well maintained by the current Vendors and has consistent existing tenants in place. A scheduled rent increase due to start in early May 2022 to $1,040 per week will give the astute purchasers confidence and immediate growth.

This convenient rental location, near Back Beach, has easy access to Countdown and suburban shops with all levels of schooling nearby. Move away from single tenanted residential investment to split risk where with a housing shortage, consistent income is a given.
Deadline sale closes 14th April 2022 at 1pm (unless sold prior), Bayleys Office, 15 Courtenay Street, New Plymouth.