This multi-unit complex is positioned on 1598sqm of land in the popular location of Hamilton East. Surrounded by residential properties, many recently developed, the property lies in a residential intensification zone. Popular for its proximity to Grey Street shopping precinct and lifestyle attractions including historic Steele Park, Waikato River and Hamilton Gardens.
The complex offers two configuration styles, including one and two bedroom options (four of each), plus a three bedroom property at the front. There are possible development opportunities worth exploring with holding income. This pocket of Hamilton East is a high demand rental area sought for its centrality and convenience to the CBD, University of Waikato, trendy eateries and urban amenities. River walk/cycle ways lead to the CBD and to Hamilton Gardens. Good public transport services the area.
Multi-unit investments are favoured as they generate multiple distinct income streams and split risk which provide protection against losses. Owning all the units in a block also gives an investor total control over maintenance, tenants and property management.
21 Albert Street, Hamilton EastOpen in map