12 and 12A Springfield Road, Milton, Clutha

Very affordable Investment Opportunity

New pricing - now offers over $110,000

TWO titles on offer here, providing a perfect development opportunity for the future and a rewarding investment for right now.

One section (Lot 1) has a 3 bedroom house (plus attached sleepout) on it within an excellent tenant who is keen to stay on. At the current rental the return is approximately 8.5%.

With easy street frontage and convenient central location, these level sections provide a range of options. An attractive investment as it is, there is also development potential for the future - build and sell, or have two properties providing rental income.

Lot 1 is 504 sqm and the adjoining Lot 2 is a level 508 sqm.

Just over 50kms from Dunedin, Milton is an affordable alternative if you're wanting to get onto the property ladder. Motivated vendor is ready to hear offers. Viewing by appointment only.