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Thames

206 Queen Street, Thames, Thames-Coromandel

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1,019sqmย Land area SQM
4ย Bedrooms
2ย Bathrooms
2ย Parking

Asking Price NZ$398,000

High returning rental investment


Be impressed by this Classic Villa offering great Investment Income

This character villa is divided into 2 flats with an income generating shed at the rear of the building.
The total section size is 1019sqm.
Located just 5min walk to central Thames.

It is just a short walking distance to the local dairy, supermarket and all amenities in the town centre.

Separate water and power meters for both flats.
Total income on both flats is $22,620.00
The large shed is leased out with an income of $6744.00 incl of GST
Combined total $29,364.00 less rates and insurance.

The front flat has a welcoming veranda, two large bedrooms, large lounge, a large kitchen/dining area, a bathroom and separate toilet. There is a carport available for this flat and a garden shed for good storage.
The back flat also has ample space with two bedrooms, large lounge, large kitchen, separate dining, a bathroom with large separate toilet, laundry and an all weather veranda. The carport is at the rear of this flat with a garden shed/ or tool shed beside it.
This home was built in the early 1900's, 100 years old, classic to say the least even the Kauri floors are there, they are gorgeous.
The Villa sits at the front of the section and at the rear there is a very large shed (10.2 x 7.2) with double doors, which is leased out and positioned on a service lane with good parking.
You do the maths, a two bedroom flat x 2 and a large garage/shed with a good lease on it in the heart of Thames.
Take advantage of this character gem and reap the benefits while you can.

Andrea Grant

Andrea Grant


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

Features

Classic Villa


Home and Income or investments x3 on one site

Investment


2x flats and a leased out 10.2 x 7.2 versatile shed

Location


Thames Township just 1hr 33 min from Auckland CBD